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Thats a new one!
Intersting idea, I was wondering something similar. How would i go about integrating my panel into the website more throughly. Not that i dont love the admin interface. I just run dark sites and that white is so #OOPS#ed blinding.
I would imagine it is possible. I know admin has its own templates. so if you looked at index.php and saw how they called upon the block system. perhaps you could integrate that into admin.php.
Just a guess. I am sure somebody will have a good answer for ya.
Not gonna ask why, everyone has there reasons.