Analog electronics to the rescue; a user operated switch inteface chooses the jounce and rebound rates via resistors, simplistic FET hardware with resistor-capacitor-opamp/comparitor frontends handle the damping by regulating the volts across what would otherwise be a short-circuit once a threshold dV/dt is reached. simple. but not perfect; the diode drop required to keep the FETs happy was a stumbler. took me about 10 minutes to wrap my head around the idea that a short offered more damping than a 10 megohm resistor; after that i was hooked.
dumping that power into a battery is a bit more complex, but doable. (mainly because there's a lot of 'fretting' that goes on that needs damped but doesn't generate enough volts to 'cut in'.)
Now if you wanted to eliminate the springs and go to a fully active suspension, THAT gets a little more involved. . . .linear encoders, uControllers for each corner, a serial bus for them to talk to each other. . . it also eats power. . . Not really cost effective; that much copper costs and weighs more than the steel it replaces.
actually, i'd say the linear-to-rotary training started with Watt, et al. . . as soon as they figured that there were plenty of things to do besides pumping water. <G> or maybe even earlier, when some un-named dreamer started thinking of a way to get the wind or a river to turn the grindstone in his grain mill or pump his water so he wouldn't get dizzy himself. funny how energy mostly wants to go straight, and humans mostly want it to go in circles. <G>
and now here we are, with all this nice rotary motion, and we want linear motion from it. (geez. . .humans! <BG>)
there's been a little undercurrent of free-piston engine research for the past 30 or 40 years; and I have to say that there's an attraction there. . . steam-powered air-compressors and waterpumps are one very practical application. (provided that you have steam available. . . )
Back to topical matters:
'Bearing' bronze on steel might be a little better from a wear standpoint. but if you already have the brass, run with it. Lubrication is going to be the make-or-break on this, not material choice.
What are you using for restoring force? I'm thinking weights; gravity is free and it doesn't leak or rust. <G>
Occurs to me that setting this thing up to operate trip-hammer style might be the mechanical equivalent of a boost converter- push the alt slow one way, then a fast return the other to generate power at a predictable, useful voltage even in very low winds. It'd probably have a lower average current (even in good wind) than a purer version of your vision, and cogging (and noise) could be more of a problem, too. tanstaafl. sigh. Still, if the grid's a long way away, some power 70% of the time is better than a lot of power 5% of the time. . . .
-Dan