Billboard preview in 3d view

Hello,

With the ‘Blender Game’ renderer I can set the ‘Face Orientation’ to ‘Billboard’ and when I do a render the object will turn to face the camera.

Is there any way that I can see the billboard effect as I move the camera in the 3D View? Or is there a way to do a series of renders with the game renderer where I can move the camera and see the billboard turn, rather than just rendering a still frame each time?

Any assistance appreciated!