Totally!!
Here's a short test video of it:
http://rapidshare.de/files/16558059/ring_animation.avi.html
Read the page to see how to download. You'll want to click the "Free" button to download. Note: The file is about 17MB in size total.
Also, I wasn't going for movie accuracy here again. I got inspiration from the Tron 20th Anniversary DVD intro to make the concentric rings flash outward

Now I just need a Tron dude standing on it, tossing a disc out, hehe
EDIT: I guess rapidshare sucks. Taking forever to download, so I'll do a member upload instead later tonight.