yes
im working on the same project
first i made it with 8051 later i developed it with atmega16L
currently im working to stebilize the display using a IR slot sensor and interrupts of atmega16,
if you want to make a simple one
you need to work on delay calculations as per your motor.use the delay functions given in util folder in winavr
#define F_CPU 16000000UL
// as per your working frequency
#include<util/delay.h>
the functions are
_delay_ms(1000);//1000milliseconds delay
_delay_us(1000);1000micro seconds delay
refer the following link
http://homemaderobo.blogspot.in/2012/03/propellerrotating-led-display.html