I would think this should be possible in the latest version, though I haven't done much with the new 3D scripting tools. I'm not sure whether it would be fast enough for detailed 3D objects though.

This is something very basic I did in the old version, and I think the new version has loads more possibilities:
http://www.morganmultinational.com/spinning_ring.html
The same method can be used for any 3ds or obj file. This torus was just an example. I don't know how easy it is to add textures onto surfaces though.

If you search the forum, I think I posted the source code a couple of years back, but can't find it at the moment.

If you need help, post again, (With a 3ds or obj file) and I'll see if I can do something similar or better with the new version of 3DFA. Also, I think there are others who are much better with the 3D tools than me, so someone else might be able to do better once they've got an object to play with.

Hope this helps.

M.