I would love to see this, and it's something that we've played with doing as well. There was some concern that too much transparency or openness could hurt things like funding opportunities.
Whatever we learn we will share. I will be meeting and recording conversations with a few investors in the first week with that very question you ended with. Interesting to see how much that would hurt (or help?).
I'd love to see it in action because I was considering doing the same thing for 14gears, especially if we make it into the ycombinator session after the interview in a few weeks. I've often wondered about the nuts and bolts of YC and it doesn't have fancy video segments like techstars :)
I would love to see what goes on during the ramp up to and rollout of a startup. I know what I'm going through right now, but how does my day to day compare to other startup founders?