Perhaps not quite, but regardless this is a good idea! Although I am pretty sure that the company responsible for rooms that can change colour in the flick of a switch (Mr. Beem) could have come up with a eye pleasing example of their work, this illustrates the basic premise. By using projectors Mr. Beem can transform a white room into a drug induced Disco Hall! I am not suggesting that this is a great idea for the main rooms of a house but it would be pretty neat in a games room!
Credit: Freshome