Yep, the axle end definitely has to come out of the hub using this procedure, to get the control arm off the ball joint stud sticking down (on this model).

At first, it didn't appear so. The drive shaft was only inwards 1/4" and everything looked like it would fall down. Not so.

I haven't gotten it back together, but it looks like it should work. It is a bit of a juggling act, with the axle loose, etc, but it isn't bad. I took pictures and will try to post a writeup somewhere.

(The following procedure assumes you are keeping the control arm ball joint)
The steps are as follows:

1. (optional) drive car up ramps to give 10" of starting clearance.
2. Remove center cap and loosen axle bolt slightly.
3. Loosen wheel lugs slightly.
4. Jack wheel off ground and block frame off ground at mount behind anti-sway bar.
5. Remove wheel.
6. Remove axle bolt.
7. Remove turn stop from control arm.
8. Remove nut from control arm ball joint.
9. Remove nut from tie rod end, and detach tie rod end from mount.
10. Remove splash pan.
11. Loosen two bolts at front bushing, and nut at rear bushing (tight).
12. Remove bolts from front bushing, and nut and bolt from rear bushing.
13. Pry at back of rear bushing to move control arm forwards and outwards, until it releases from mount.
14. Pull hub towards you, while pulling down on control arm to free it from ball joint stud. Axle will fall free.

Installation is the reverse (I hope).