My dog has one of those. She promptly chewed the neck off it. But she hasn't managed to hurt what's left if it.
She's got a few other heavy rubber toys, but it's always a gamble whether she'll be able to destroy one. I've scooped up enough toy-encrusted poop to be very choosy about what she gets. For the most part, I've found that hard toys, like nylabone stuff works best. Oh, and for what it's worth, she's a fairly scrawny mutt of 35 pounds or so.