I do know how linear probing works, thanks. ;)
But now I see where the confusion lies. I was taking your post to be replying more to the hash function part of the GP, but you were talking specifically about the skip distance. Yes, now I see what you mean, and I'm not actually sure how I misinterpreted so badly in the first place.
This model plays nicely with the cache, although its downside is there tend to be more "runs" of contiguous filled slots in the hash table. This method still provably takes an expected insert/lookup time of O(1) with a 5-wise independent hash function and a load factor smaller than 1.