pmb_phy said:
No. I don't believe so. However this is related to something which has been the subject of much debate in the relativity literature. To learn more about it, look up "Ehrenfest's Paradox"
The assertion that the rule won't contract can't be correct. If it's taped in place at both ends with very strong tape, it may stretch and appear unchanged in the stationary frame, but it must be under tension in that case.
Consider a simple "reduction" argument:
Make the wheel very large -- say, a lightyear in radius. Now, to maintain the path at a velocity near C, the acceleration will be on the order of 1G (give or take a factor of 3 or so), and the curvature of the path will be quite small.
Make the radius even larger, and the acceleration and curvature of the path will be smaller still, with a straight path with no acceleration in the limit (angular velocity drops linearly as the radius increases, assuming fixed tangential velocity at the rim).
Surely, when the radius is very, very large and the acceleration is very, very small, the contraction must be almost exactly what it would be for straight-line motion.
So, since the radius can be varied continuously, the ruler must contract no matter what the radius is.
Of course, this argument assumes the ruler is short relative to the radius. If it's long relative to the radius, its center will still contract, but what's going on out near the ends will be a lot more complicated, and if you try to spin the rim of the wheel up near C in that case the ends of the ruler will break off (or break C, which won't happen).