A prosthetic system (100) for use as a partial unicompartmental artificialkneereplacement system. In one form, an artificial femoral bearing component (120)is implantedalong with a floating meniscus component (110) that is configured to cooperatewith thefemoral bearing component to move through a plurality of translational androtationalpositions as the knee rotates through a variety of angles. In another form, anartificial tibialbearing component (1220) is implanted along with a floating meniscus component(1210) thatis configured to cooperate with the tibial bearing component to move through aplurality oftranslational and rotational positions as the knee rotates through a varietyof angles.