There are a lot of reasons why you can't use the crawlspace as a plenum without taking somewhat significant measures.
You can't run sewer, gas or electrical lines (in unprotected conduit) through a plenum. The real obvious one here is the sewer lines because you wouldn't want to draw any of the sewer gases into the plenum return or supply...very dangerous.
There is also a huge risk of rapidly spread fire in this type of system. This is why building departments stopped allowing things like laundry chutes in homes - the fire just shoots right up there and in the case of the crawl space with many openings for vents it would be similar. In general a concealed fire is the most dangerous because it is nearly impossible to fight and causes structural damage quickly. Crawl spaces aren't really concealed but penetrations are generally meant to be sealed with fire caulk at the very least to prevent a fire from getting in there.
Okay so what else... ductwork actually provides fire protection. I was told that most building departments consider the sheet metal to provide 1 hour of protection... basically they allow fire fighters and residents a chance.
So what you can do is create a large duct running through the crawl space and just feed your registers off of the trunk line, and I think that in some areas you can line the joist space with sheet metal (rather than installing an independent duct). If you do line the joist space, then I know that no other building mechanicals can occupy the same space - i.e. electrical or plumbing.
The rest of your question - yes, I've heard of environmentally friendly homes that use a plenum system for heating and cooling. It is pretty cool actually, but all the framing and walls are made of heavy timber. This provides greater fire protection (counterintuitively) than traditional framing because the flame spread is lower on heavy timber. I can't remember the name of these manufactured homes that used this system but I will post it if I do locate it (Try Google: Green Homes California Manufactured Timber). I believe they have done several homes in Northern CA and the homes are quite beautiful. The plenum system is used around the entire envelope to try and capture geothermal cooling and heating and to utilize natural heat flows... it's very interesting stuff and apparently results in energy costs of about $100 per year. This system of building isn't just using the crawlspace but allowing air to flow throughout. I still don't have a great understanding of why building departments are allowing this kind of shift but the company explains that they will present in front of any building department on the customer's part.
I think I've made a mess of explaining this, but hopefully this is helpful in some way.
