It is possible! You should just program a live wallpaper that can tell what screen your on or have to option to set how many screen you have and which one is the home screen. That way when its positioned properly it goes live, and changes to static when its on another page.
On my note 3 I'm stock 4.3 rooted and xposed. My wallpaper is static but my last live wallpaper was the weather grass. Every time I turn my screen on it shows the old live wallpaper then fades to the new static one. I don't know if it's a glitch of milauncher or what but ever since this started I've been afraid to change it cuz it's so dang awesome looking!
Here is the rain animation, then it switches to my wallpaper.
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Ajster1989 - Thanks for hitting "Thanks"
Samsung Galaxy S II Toolkit
Samsung Galaxy Note 3 Toolkit (Development started on 1/25/2013, stay tuned)
T-Mobile Galaxy Note 3 N900T
Stock Rom - Damn you KNOX!
T-Mobile Galaxy Note II T889
Stock Rom (for now)
T-Mobile Galaxy S II T989 Hercules
Rooted Stock Rom - CWM Touch
T-Mobile Galaxy S Vibrant
By me a Red Bull...