I remember years ago the some Soviet concern built "Circlorama" just off Piccadilly Circus in London...similar effect.
It lasted about 5 minutes as it was mainly for propaganda purposes.
Ronin, if you center your head on that screen, technically almost your entire field of view is taken up by the monitors (horizontally, at any rate) and so that will mimic a "real life" experience more closely.
y7eah but it would suck fro multi player pluss i know its not exactly up for comparisim but a new mall opened here and instead o having those plastic billboards in the middle between the stores and in the food courts they have circular tvs