Hah. Sorry, no. I seriously doubt this will fly any further than the PowerGlove (anyone remember that?). Personally, I find the vibration feedback annoying (although it's not too bad if it's letting you know you got hit when you didn't realize, etc). Getting shocked? I'll pass.
-tangent- Just hit Nintendo.com for some reason, and was shocked to see Dragon Warrior 3 is out for Gameboy Color. I'm afraid.