Whether the same idea could be adapted to a whole plane I don't know, but I would be skeptical of just on the basis that you probably wouldn't trigger such a thing unless the plane has had a substantial failure such that it could overpower any drogue chute.
one could envisage a '747-like' sized plane with many passenger escape-pods similar to the pod from an B-58 Hustler -- but who would pay the astronomic cost for such a ticket?
and similar to what the other person in this thread mentioned : those escape pods won't help during takeoff/landing phases.
http://www.chuckyeager.org/news/sr-71-disintegrated-pilot-fr...
I love the serendipitous detail of what happened on his next flight, though I'm sure it was not so amusing when it happened.
For those out of the loop on the nerd-flex, "Habu" was an unofficial, insidery nickname for the SR-71. It's the name of a venomous snake from somewhere with an SR-71 base (was it Okinawa? I think it was Okinawa), that the locals applied to the plane, because it (like the snake) was black and dangerous-looking.