It looks like Ogg Vorbis has theoretical support in the spec for something called "Bitrate Peeling"[1], but there is no functional implementation for this yet, and there's been an open bounty on it since 2004.[2]
This is a really neat idea though. Truncating the packet to change the bitrate per client without re-encoding.
[1]: https://en.wikipedia.org/wiki/Bitrate_peeling
[2]: https://wiki.xiph.org/index.php?title=Bounties&diff=196&oldi...