Super awesome! I snagged a PLX Kiwi Wifi dongle for connecting to the ODB II port. I used to own an iPod touch and had the app that allowed you to wireless read realtime data from the dongle about every diagnostic sensor available on the vehicle. Have you ever tried something similar? It doesn't allow you to change anything either, but for diagnostic purposes its great.
Your sensor however would be a huge addition to this as its purely dependent on what sensors your vehicle comes with.
http://www.plxkiwi.com/kiwiwifi/hardware.html
I lost my iPod touch so I wouldn't mind selling this to someone if they were interested. Sigh...I always lose everything.