Hi Bent,
Yeah, and there is plenty of discussion about it. This thread is active http://www.diyelectriccar.com/forums/showthread.php?t=48130 And there have been plenty of others. A member named etischer had a thread which outlined his build with an AC drive. And a guy named Samborambo talks about it. Also you can find links to build sites. Try to use the search function here.
Regards,
major