Panorama with multiple cameras

I am thinking about building a multi-camera setup for "wideangle" and panorama shots by using 2,3 or even more DSLR cameras with short telephoto(40mm - 60mm) or not too wide (ex. 28 or 35mm) lenses.

Not sure how good or bad is this idea is, because i couldn't find too many resources on this subject and this is why i just opened this topic

Basically what i want to do is:
- create single shot panoramas with moving subjects(like waves hitting a shore)
- use filters not possible with a super wide angle lens (ND, polarizer, color)
- use big aperture lenses for night and milky way photography (ex. 35mm 1.4)
- maximum image quality by using cheap primes
- very big resolution images (by stitching together 2 or 3 12mp or bigger images)

The cameras will be mounted on a rig or tripod and they will be triggered at the same time using remote controllers.

Is this a good or very bad idea? Any help will be appreciated!

I can't think of a reason why it wouldn't work...assuming that the cameras/lenses/setting​s all were in sync.
Having said that, if one is reasonably adept at photoshop's photomerge, those waves can be properly "matched up".

Thanks.
Waves probably can be matched up more or less but it is almost impossible to make a multi shot panorama with the milky way where a shot need to be done in 30 seconds to avoid startrails
and a wide aperture also helps.

Parallax error. The reason a single camera is typically used, and more importantly along the axis of the lens center, is because the closer objects are to the camera, the more a change in positioning will alter the perspective, making the shots unstitchable.

If the subject is at infinity (stars, distant landscape), there isn't much of a problem because even a couple feet of distance are insignificant given the scale, but starting from 20 feet or so and closer, a difference in positioning of multiple cameras may produce shots that won't cleanly stitch.

Just something to keep in mind. If it were that easy, photographers wouldn't be breaking their heads over how to stitch through a single lens, or lens axis.