Yep. Years ago I designed some motion detectors with 40KHz
transducers... slow as crap.
...Jim Thompson
Some of the piezo transducers are really horrible, but it depends on
how they are made inside (the really crummy ones could be used in CW
for doppler motion detection systems). But even the more appropriate
ones ring for some time after you hit them, even if you damp them
electrically (so any signal much shorter than a wavelength is going to
get lost in the noise).
Polaroid originally used an electrostatic transducer (driven with a
transformer) for their SX-70 camera so they could use a single
transducer for send and receive. The minimum focus distance was pretty
short, maybe 16cm/6" or something like that. These ones have a
characteristic gold-plated polyester membrane visible through the
front mesh.
I've used both types- one type with an analog PID controller for
controlling the 'bubble' of hot plastic in blown-film extruders and
one type for a small microcontroller-based proximity detector. I just
bought on a whim an end-of-line parking device (IIRC similar to the
one you found a year or two ago). It uses two 40kHz piezo transducers
and an 8051 variant to measure distance and control three big
red/green/yellow LEDs. EEPROM holds the customer preset distance, I
think. Couldn't resist for $20.