Actually, the funny thing is the car isn't lowered. I removed the Eibachs and put on the stock springs because I was trying to sell the car. Somehow I still managed to basically go under the rear bumped of the Neon.
As for the airbag... if you notice the airbag sensor is attached to the radiator support that's now sitting a bit above the radiator. It was basically pulled back from the bumper on impact, so it didn't ever receive and pressure to signal the airbag. Makes you wonder if they'd be effective at all against an SUV or something similar.
One thing I have to say... Honda hood latches are pretty damn strong. Strong enough to rip apart the radiator support and twist back the upper crossmember. And the hood is still latched tight.