Tektronix has produced sampling oscilloscopes from at least the early
60's which have a frequency response of from several to several tens of
GHz but sample at rates often below 1 M sample/sec. Aliasing? You
betcha! As you pointed out, the aliased signal is the desired one -- a
frequency (or time) converted signal. The only requirement is that the
signal be repetative, since it takes samples from many cycles to create
the time-scaled waveform. Single-shot events, often misunderstood or
disregarded by RF engineers, require Nyquist-dictated sampling rates.
This is done by most conventional digital oscilloscopes. The Nyquist
criterion assumes that you want to recreate a nearly exact replica of
the waveform and that it extends down to DC; if you'll settle for a time
scaled or frequency shifted one, or one with a limited bandwidth, other
options are available.