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"Fly Eye" Goggles design concept - 360 Degree vision?

I've been doing some reading recently on how the mind can adapt and change it's perception of reality to accommodate new sensory inputs - like the glasses for the blind that turn visual data into sound patterns and the compass belt that helped give people an innate sense of direction. 

My idea was to take a series of small webcams and arrange them on a headband so that they cover a 360 degree panorama around the wearer, then join all the images together and feed it to a set of video goggles. Initially I imagine it would be very disorientating, but hopefully after a while the wearer's mind would start to compensate for the distortion, giving them panoramic vision.

I assume the various feeds from the webcams would have to be routed through a computer to process them into a single image, but I'm not sure how that could be done on a software level.

Thoughts? Ideas? Help? Warnings?

All appreciated.

Thanks once again.

Check this out:

http://www.slashgear.com/flyviz-headset-brings-360-degree-vision-to-the-party-17261196/