Hey there
Ok, I dunno, but I think it's the right place for this
In Germany, we have a nice Final Fantasy VII Fanclub which has the SAME IDEA- but we've already done it xD"
Ok, not ingame like yours, but it's made like a movie- the first 3 Episodes are already done, here's the Trailer for Episode IV:
http://www.youtube.com/watch?v=OVqBsxGdIi0And the first Episode:
http://www.youtube.com/watch?v=DWQD6YaazLwAnd- what do you think? xD