Haha, just kidding, I knew this thing was crap the second I saw it
Yes, that is a BICYCLE tire swing. While still technically a "tire swing," it kind of misses the point. And the fact that I live in Arkansas shows itself again. Sorry for the bad picture; I had to zoom in quite a bit because I thought that walking up and taking pictures in some random little kids' play area seemed creepier than I prefer to be.