Arthur's suggestion in the comments to try the Euclidean algorithm gnawed at me, since I had never done that with polynomials. So, in the name of research, I thought I would try it and report back:
\begin{eqnarray*}
4x^{4}-17x^{2}+4 & = & x(4x^{3}+4x^{2}-7x+2)-2(2x^{3}+5x^{2}+x-2)\\
4x^{3}+4x^{2}-7x+2 & = & 2(2x^{3}+5x^{2}+x-2)-3(2x^{2}+3x-2)\\
2x^{3}+5x^{2}+x-2 & = & x(2x^{2}+3x-2)+(2x^{2}+3x-2)\\
2x^{2}+3x-2 & = & 2x^{2}+3x-2
\end{eqnarray*}
So the greatest common factor of the two polynomials is $2x^2+3x-2$. Doing polynomial long division, the quotients worked out to be $$\frac{2x-1}{2x^2-3x-2}$$ like everyone else got.
To be honest, it took me a lot longer than factoring with the Rational root theorem and synthetic division. But I suppose it's a good tool to have in the kit for when the polynomials don't have pretty linear factors.