I believe Hypermodern stands for the idea of controlling the center from a distance, or influencing it through fianchettoed bishops and knights. If this occurs, I bleiev it would be the opposite, lol.
It kinda reminds me of the Italian Game a little. Sorry, but thats about the best i got. Try the Opening Explorer, it might be able to asnwer better than I can.
If a player lets you get this, and by that I mean seize the center, I'd say do so. Your pieces are very effective where they are.
If a player allows you to establish this board position (below, usually when you have the white pieces) is it a good idea to pursue? Does it lead to boring play or a hypermodern vs. classical battle? Does it have a name or even occur in any book openings? Any info would be gladly received.