That would be a great feature, would save a lot of disk space, and would speed things up. (Similar to multiple automation files for one reel of 2-inch tape.)
Example: For a song I am mixing right now, I have one mix with vocals, full band (including steel guitar), and a string section; one mix with just acoustic guitar, bass, and string section; and another with acoustic guitar, bass, and solo cello. To compare these quickly, it would be nice to open something like the Markers view and pick from a list of mixes.
This would be great for dance music producers, people do theatrical work, and it would be fantastic for TV, film, and advertising people. If you have done jingles, you know how often you need different edits.
Everyone talks about how Sonar could make more inroads into large, professional studios—well, here's one idea.