LaTeX -> RTF, is XSLT the right tool?

I'm thinking of writing a program to convert LaTeX to RTF.  I've used
XSLT before to input an XML document and output RTF, but never to take
LaTeX as input.  

Is it feasible to do this?

Is XSLT the right language for the job, or is there a better approach?

 XSL-List info and archive:  http://www.mulberrytech.com/xsl/xsl-list