I still believe the top contender is Jacques Mattheij's proposal of a pressurized tunnel: http://jacquesmattheij.com/elon-musk-and-the-hyperloop
Now when Elon says it's not an evacuated tunnel, and also (indirectly) that you'll be traveling more or less exactly at the speed of sound, I'm leaning quite heavily towards the OP.
Riding the pressure peak at exactly the speed of sound makes a lot more sense.