Thats a cool idea! Looks like it has good customization features too 
Gearing Rotating Menu /URL Rotating Bar(XML-Driven)
Usage: .change mouse position will shift the rotating direction. .Move the mouse over menu will stop the rotating motion. .It can go to any URL link specified within XML .
Features: .This Rotating Menu is flexible and highly customizable.
.Edit the Xml file (RotatingMenus.xml) content to modify the menu text and the related URL . Edit the Xml file (RotatingMenus.xml) content to modify the settings constants: RotationSpeed —Menu Rotating Speed. CircleCenterStartX —Circle Center X Position. CircleCenterStartY—Circle Center Y Position. Density —determine how close to arrange the menu items. CurvingPoint—determine the shape of the circle/oval.
.Edit the Xml file content to add extra menu item.
.Easy Usage for Flash Project—Everything is packed inside MovieClip mcCircleMenuPackageObj. Just drag and drop the mcCircleMenuPackageObj component into your project .
.Easy Usage for Html Pages. Sample files included.
.Current Capacity is 24 entries.Extra entries can be added by changing content of XMl and tuning paremeters.
My Recent Creation: