Best of luck to you my friend, it sounds like an interesting project.
While we're on the subject of doing things a little out of the ordinary, how about doing the final distro in .mp4 with AVC for video and AAC audio.
It would be really interesting to see how it compresses, standard AMVs are bastards enough, never mind 5 simultaneous screens of action.
I can't offer you much in the way of input as a project, I'm lazy and relatively a not worthy producer, but I'd be more than happy to play around at encoding the thing if and when it gets done, that would be fun.
Good luck dude, keep coming up with those wacky ideas