Implementing BIP-47

I would like to work on implementing send and receive support for BIP-47 payment codes. However, before I start the work, I have a few questions:

- Would such a feature be accepted into the codebase?
- I expect to take about a month to implement it. Approximately when would a release including the functionality be made available for download?

Thanks in advance. Please let me know of any concerns about BIP-47 and this particular endeavor. I'll start working on the implementation once I get answers.