Sounds close to what I’m building, but a slightly bigger viewable area. Are you using an LCD?
I ended up using just one Fire-I camera with a 2.8mm lens. Don’t quote on me on that ... but I’m pretty sure that was what it was (it was the second from the widest lens) With this I can place the camera on top of the backlight which is around a foot off the ground for a three foot high table (see my blog for pictures)
For me, the Xbox Live vision didn’t have a wide enough viewing angle. Plus the Fire-I doesn’t require ripping apart the camera to take out the IR filter and gives better performance being Firewire. It is a bit more expensive, but coupled with a band-pass filter I think this is probably the best way to go.