it’s your garden variety binaural (though the script is pretty thoughtful!). In fact, there are some binaural microphones out there in the market – Neumann has really nailed it in my opinion.
http://www.neumann.com/?lang=en&id=current_microphones&cid=ku100_description The binaural head method is a pretty neat way of recording the world around us, but actually producing surround material from scratch that can be experienced in a headphone environment can be a bit trickier. I’ve found a goofy work-around that you might consider: I have in the past used the Lake Theaterphone (a TDM plugin in PT 5, and then a hardware device), which is designed to take 6 channels of input, and output to a stereo pair after applying a bit of psychoacoustic magic. The result was that it was very listenable on a headphone mix, and simulated a surround feeling pretty darn well (this varied with the type of material I was using. All I had to do at that point was to take the stereo output of the Theaterphone, record it back into Pro Tools, and pop it on a CD (back then we used CDs – remember those?). It made for nice “surround” evaluation mixes for clients – as long as they were wearing headphones.
Cheers.