Yes creating something like you described is very possible in Edge.
I am not sure exactly what you envision but here I created a header in Edge that has interactivity...
If you hover over the header it pauses... If you click on the item name it takes you to that product page.
You could add a lot more activity to it....
next and back buttons...
How difficult would it be to get the animation to go to a previous item instead of always moving forward?
It would require a bit of script for next and previous buttons.
Here is a simple slide show I created with next and previous buttons: