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I've already written a program which does this. I'm going beta on April 7th. It was originally written for Omaha/8 (which I play) but I've expanded to include holdem and written a HH Replayer that has stats overlay and a built in range calculator.
Here are some screenshots from the old Omaha version which was just for personal/friends' use (these are about 3 months old). Statistics and other features have been added which you'll see in the beta.
http://img91.imageshack.us/img91/8206/aamaysepft8.gif
http://img138.imageshack.us/img138/4...sum1712ep0.png
http://img252.imageshack.us/img252/3...tmaysepnv7.gif
http://img296.imageshack.us/img296/2...potsizecy4.png
http://img334.imageshack.us/img334/9...filterskw5.gif
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This looks awesome. Is this going to be free?