Having built 4 Cyclones over the years, I would say it is a good candidate for EDF. You would be looking at $900-$1000 for the propulsion system. Go to RC Groups under electric flight EDF Jets.
Some building threads:
http://www.rcgroups.com/forums/showthread.php?t=937302
http://www.rcgroups.com/forums/showt...ht=BVM+Electra
This info should keep you busy for a while.