IT would be a pain in the ass.
Rollin's wheel looks to be a CF wrap job. Not a bad one, at that.
To wrap the whole steering wheel in CF is a pain in the gluteus maximus. Short of finding that exact weave, you'd have to do the whole wheel and cover the current overlay job.
Even with the same weave, it would look broken. You'd see lines between the old and the new cloth (the new cloth having gone where the leather is currently).
Of course, you could fill in the separation marks, but if you do that, you might as well just re-wrap the whole thing with new cloth.
It's a pretty involved process, though. I helped with a Jag steering wheel (which, incidentally looked very similar to this one) and it was no fun. Took an experienced CF guy three tries to get the cloth to line up right. Then again, he is sort of a perfectionist.
I now understand why a CF wrapped steering wheel is so expensive.
Personally, I would never want to wrap a whole steering wheel for my personal use. Once clear coat goes on it, it;s about as slick as a wood steering wheel. A little bit of moisture and you better grab it, lest it slip.