Don't think it'd work that well. DJS spoke of the NASCAR system using GPS and accelerometers. The accelerometers get you short time-scale, and the GPS long time-scale. You can't use (consumer-grade, wiimote-ish) accelerometers alone for long time-scales because of the double integration. Basically, your velocity error increases with time, and then your position error increases as the square of time, so you need GPS to correct it.