I suppose it's kind of been done before.
http://www.amiga-hardware.com/showhardware.cgi?HARDID=39
But I've never heard of anyone actually owning one of these.
Red sold one a few years ago and it went for quite a tidy sum. I read some time after that one of the companies that formed Acube (maybe soft3) were selling them off relatively cheaply either towards the end of the 90's or early 2000's. Wish I 'd known about it as I'd have snapped one up for myself.