It'd take some creativity, but anything's possible. I was actually musing about doing this earlier tonight myself. It's possible... how easily it can be done.. dunno, I haven't gotten that far.
Switching over to the GTE electronics has it's downsides. While the package is all ready together, it's a lot of work and lets not forget that it's programmed and built for a turbo charged engine... less aggressive timing curves, fuel cut (like you'll ever hit that on an N/A), different type of AFM, two knock sensors. There are alot of requirements that you'll be hard pressed to meet, mostly involving swapping over additional electronics.
I'll post more when I have more time to think about the implementation using a GE ECU.
EDIT:
One thing alot of people are modifying to convert their cars is an EDIS (It's Ford... RUN!!!) system:
http://www.dainst.com/info/edis/edis.html
http://www.megamanual.com/ms2/EDIS.htm
You would need to add a crank position sensor and possibly a different cam position sensor. It's a wasted spark setup and still relies on the ECU for spark timing. I have no idea if the GTE's CPS would work or if it could be modified to work.
At a glance it appears some people have modified their distributor to determine the firing order using other coil systems. Wether that would work with an EDIS system I don't know. The systems that people were using that solution for are quite pricey.
EDIT2:
Another possibility... It'd probably be just a bulky, but more reliable.
"In the USA, a good supplier of kits to convert points distributors to an electronic system is RML in Daytona Beach, Florida. These people specialize in bolt-on conversion kits for Alfa Romeo, and they can supply kits for other older vehicles with points ignition."
http://www.rmlautomotive.com/