This is very interesting Bingowings, if you check Wiki for binaural recordings, it describes how to create this effect for headphones. To record this way you would need 2 microphones set up exactly like your ears on a dummy head with moulds of the folds of your outer ears to ensure the soundwaves are recorded exactly as you would hear them, you would then record the live playback of 5.1 (or better) soundtrack.

This is a professional dummy-head microphone for binaural recordings,

I think it would be a great experiment, would need to make moulds of my outer ears though.