Ok, I can really see this working now. On an M4 it would be a little more difficult- any model with the take-up spool permanently in position would be in the way. A removable spool is the way to go.
I'm picturing actually having two parts mounted onto a baseplate with the sensor being held in the middle so you would take the film base off and stow it while using digital. The whole assembly would go in, taking up both film spaces on the sides and the sensor would slide into position behind the curtain.
I'm thinking simple. For the model I would build, I would have a couple dip switches on one of the canisters to select maybe 4 ISO ratings, 50, 100, 400, 1600. Do we really need more than that? Honestly?
Changing the back door is an idea also. A new door that would stick out from the back only a couple milimeters would be sufficient. This way, the pressure plate assembly could be changed to have more room, more movement. A thicker digital sensor assembly could then be used (and we're only talking an extra couple milimeters here) and the door could be left in place for both film and digital without being annoying. No screen, this is not needed.
For memeory, I'm thinking of a mini USB type port to plug into. No removeable card. This would cut down on needed space. The digi assembly could be taken out or left in, and a cable simply plugged into the bottom for downloading. At this same time, you would use your computer to wipe or reformat the memory area, thereby not needing controls on-camera as a normal digi does.
Battery power. I don't know how much power this would take up. Would a AAA battery last any descent length of time? Since my idea is to use a baseplate with the components mounted on it, the battery may have to go in the baseplate. A very thin battery.
The assembly mounted on the take-up spool side would also have to include a mechanical connection to the crank assembly at the top, this triggering a sensor telling the chip that a new picture is coming up. This also would be the initial sensor making things ready for the first picture. Just like loading a roll of film and advancing to the first shot. This will tell the assembly it's ready to go when it's freshly installed into the camera.
"The WB selecting could be none...as in 16-bits B/W only; or a simple 2-way toggle between Daylight and Tungsten; or simply Automatic...and let post-processing do its thing. "
Yes, I agree with this. If anything, there would be a switch for Daylight and Tungsten, but nothing more. Post-processing is part of the digital workflow so it may be cleaned up there.
"I don't hold out much hope for this idea. But while we're wishing, let's wish for a ttl matrix meter option, too."
Absolutely not. This is for a photographer. If you need a computer to tell you how to shoot, don't buy a Leica.