Would be nice, but as other people have said, it's extra work for andrew and wewin, and there would be a lot of specifications for each board to follow, like co-ordinates for each of the many signs showing who's in what SG and other info like that.
Well techically this would work just like the portal features, all you do is create the specified signs for the arena's. I personally think it is not more work than the creation of town portals.
What is you put a warp there and then put a warp sign there in the town, How come that couldn't work?