Just a question on how you set up the camera. When i tried this a while back, the camera wouldn't set up vertically, but always with just a nudge of an angle and large FOV gave way too much distortion.
If i could get around that, i think i can automate the capturing using InSim and some win32 programming. basically programatically move the shift-U camera along the drive line and snap pics, so it would become a lot easier to do.
Of course getting a non-perspective view camera would be nice. It's easy enough in D3D, but has to be done by the devs (i think).