It baffles me that anybody would even consider for a moment swapping out side mirrors with cameras. I can move my head around to view different angles though a mirror. Barring the possibility of head-tracking and rather snappy servos, I cannot do that with a camera/screen setup.
You may as well try to have a restaurant replace their forks and knives with iPads that display images of forks and knives instead. It'd be flash, but hopelessly worse for its actual purpose (although at least my idea would not actually be dangerous.)
(That is not to say that there is not room for improvement: http://www.slate.com/blogs/future_tense/2012/06/18/drexel_pr...