Meridian? I thought we were talking about the Ozone? Do you mean the Meridian Vapor or the Nimbus Meridian? The Ozone has the same fully adjustable suspension as the Nimbus Meridian and can carry (easily) 40 pounds. It is rated to 62L and it is a big pack. Tested here: http://www.backpackinglight.com/cgi-bin/backpackinglight/granite_gear_nimbus_meridian_backpack_review.html
If you are talking about the Meridian Vapor, which shares the Vapor Trail suspension then, low and behold, I agree. It really doesn't have a suspension per se.
Signed,
confused

