You are correct, as stated above, If a hose rips off you will loose steering control, but what I'm saying is thats no different than loosing a tie rod or drag link end. IMO this fact makes the lack of "mechanical" connection a moot point.
If you loose pressure from your pump (throw a belt, or the pump seized up, etc) you will still be able to steer just like with regular stock steering if you have the correct orbitrol valve.
If you have the right caster, toe, etc, loosing a hose should result in your tires returning straight if your on flat ground. Dont get me wrong, if your on a high speed corner, or on a rutted road, you might not have time to get stopped safely if a hose was to rip completely off. If you just spring a leak, I'm quite confident you will be able to bring the truck safely to a stop.
Good hoses and fittings are your best friend, just like good ball joints, tre's, welds, are your friend. Proper routing and installation of hoses is paramount to reliability, as are abrasion and heat guards.
If I was planning on running large tires, having a heavy rig, wheeling hard, and didnt plan on driving on the street all that much, (or some combination of) I personally wouldnt mess with hydro assist. I dont like bump steer, and I dont like tearing steering boxes apart. I do like power, strength, reliability, and good handling. But thats just me, I am in no way recommending or suggesting anyone else drive a full hydro system on the street without thoroughly researching and complying with state and federal laws applicable to the roads they will use. (I have yet to see a law or municipal code saying hydro is illegal or legal.)
If your truely interested in running Full Hydro, I suggest calling Sean at Performance Offroad Systems.