Yeah I think it's very possible. You could hit record or something more ideas the better. It should have it's own console so you can easily navigate just like the RTE.
The one by HOZ is cool but I'm talking a lot more in-depth. Where you really don't have to do much work at all scripting wize. IT'll record you angels, your rotations, your zooms, flashes, white ins, white outs, anything, anything you can think of in camara scripting...
You can make an effective proffessional cutscene from start to finish. Yeah I'll contact the top scripters and people who worked on the RTE...See if we can get this thing going..
...In the end it would be totally worth it...But obviously if you still want you can use regular camera scripting, just don't use the Real Time Camera Editor.
But once you hit the record button the action is on, everything you do with your keyboard and mouse is recorded onto and .sqs file or .sqf if that's where camera scripting can go. So virtually no editing...Great idea.