Hey, it sounds like something worth doing. You could always do it and then put a comment in the thread over at WFMU's Beware Of The Blog mentioning it and see what happens.

I always sort-of wanted to see if I could do something like make a version of Debussy's "Clair de lune" (as opposed to somebody else's, I guess) made completely of samples of Glenn Miller's "Moonglow."