I just got a pair of the 27982's myself, with the idea of communicating between a Arduino Duemilinove on the robot, and another Duimilinove with the laptop.
The thing should be possible, as you're able to change input/output states on single digital pins, example using the Parallax PING))), since the digital signal is fed to a single pin, then I/O state changed to receive the return blip.
The 433Mhz transceivers also have two other pins, which would aid in the 'Traffic cop' modes. RSSI, which is essentially your "Incoming Signal" alert, which could be used as an interrupt, and the RX/TX pin which is your PTT (Push To Talk), to send the data.
Mind you, these radios were designed around the Parallax Basic Stamp MCU's, which, I already got my tail feather singed for daring to say in the parallax forums, the PIC on the stamp wasn't running PBASIC specific (It still isn't running native, in my opinion. The Host system (PC, MAC, etc.) is a compiler, sending machine code to the device. But, I got corrected, it runs an interpreter..) Yet, any pin can be assigned digital, serial or analog. (which, I'm sorry to say becomes a limit to the Arduino, assigning specific pins specific tasks, when all pins should be variable. But, running I2C tasks through the analog pins should be a example that it can be done!)
A re-work of the softserial, would be to monitor the interrupt (the RSSI pin) for a signal. If it detects something, go into "Receive" mode, and wait a period before timing out. (I hooked one up, as a standard radio receiver, outputting the data pin through a capacitor, to a piezo speaker, there is quite a lot of RFI noise! Most of it is random analog according to a DSO-Nano O-scope.) and a LED to the RSSI pin.. it does pick up a lot of stray RFI! My Laptop's LCD screen is a major source!) If data is ready to be sent, and there is no signal detected, the RX/TX pin is toggled, the data pin is held high for a few ms, (same as push to talk, wait a second, THEN speak, so everything gets through.) then send the data in a packet like ZModem or Xmodem (good-grief! Did I just date myself in the computer world?) toggle the RX/TX pin, and wait for a response from the receiver. (acknowledge receipt, or request to resend.)