Panoramic, possible?

i was looking at this post

http://www.kirupaforum.com/forums/showthread.php?s=&postid=342941#post342941

APDesign posted an example based on a flash temp.
Depending on the x,y cooridinate of the mouse, it fades between 2 different images…

what i was wondering, would it be possible to have maybe 4 or 5 different images of the same object, but at different angles, and fade between them with a panoramic type effect??

any ideas?