Kotaro,
Yes it is very possible, the system on the R34 GTR is just a bunch of sensors outputting to a fancy LCD display.
But it would also be very expensive, I know a guy that look into this before, he said the beginning cost would be somthing like $5000 USD, and when you get into something like this, there are always a bunch of other things that would cost lots of money.
HKS used to have a system that does this call "cam", but it is discontinued.
Just my 2 cents.
Jeff