As Dick deduced, this is revisiting the same street scenes during different seasons - still doing feasibility assessment on the workload involved.
Bernard hit it right on the head: it's not only about framing, but also about shooting position. Using landmarks and other visual reference points in one corner of the frame and using a bubble level should give enough accuracy for the purposes of the project, as long as I duplicate the shooting location. My phone has a GPS, but given its inaccuracy and large number of shooting positions (hundreds) using one is not feasible.
A contact sheet should give enough reference for majority of cases to get to the same shooting location, especially if I use the same route on every re-visit. I already have two Hyperdrive Spaces, so a third one would be largely unnecessary - although it would allow for triple backups on the road..
One option just occurred to me - taking the same picture with my phone for rough visual reference on location, and using it along its GPS to identify the location on re-visit. Lot of fiddling on the first run, though. Have to check Android Market to see if there's a good geocaching app which would give directions based on GPS coordinates in photos.
I think you can do this with phocus overlays... perhaps with other tethered software... You might have to convert the photo into a vector-graphic line drawing, but if you only need the relative position of landmarks, that would suffice.
Do you mean there are some cameras which allow custome overlays in-camera, or are you talking about an overlay printed on a transparency, set over the LCD? If latter, not a bad idea, but due to the large number of overlays requited making and using them might get unwieldy. On the other hand, if I fashion a holder for a transparency over the LCD of my E-PL1 and switch them at each position and use the same route, that should give
very accurate results.
How about this: Acquire or build a bar with two camera tripod screws and one tripod socket half-way between them. Attach this to your tripod, mount your own camera on one of the tripod screws and a second camera (even a cheap point-and-shoot, with a zoom lens) on the other. You would need to calibrate the system in a couple of ways:
1. Mark on the dual-camera bar lines indicating exactly where the cameras are as you take the first photo, so you can mount them again pointing exactly the same direction.
2. Note (or mark) on your main camera exactly the focal length you will take all the pictures at.
3. Adjust the zoom lens on the P&S to match the field of view of the main camera as closely as you can, and mark that setting so you can repeat it.
When you first take a test picture, do it with each camera. The images should match pretty closely (for field of view) if your calibration is careful enough. Once you are sure you have a repeatable setup, keep a memory card with the original P&S test shot in the P&S camera, which you can display on the LCD screen to help you aim the setup for each photo in the series.
Absolutely love this idea and might use exactly this setup for some other similar ideas I have. But given this is street shooting with people in them, every single person facing me would be staring straight at the contraption

Probably not ideal for "invisible" street shooting..