Mitch,
If you ever find yourself in Detroit you have to pay a visit to
Tropicorium.com. Their setup is basically a greenhouse where the bulk of their lighting is sunlight (supplemented by, I think, 400W Iwasakis). It really is a neat setup. Once you see this place in the flesh no LFS you ever visit again will ever impress you anymore.
Living in Calgary the sunlight here is darn near horizontal coming in from the south this time of year. My tank is on the north side of my south-facing family room, and so this time of year my tank is lit from the side, literally, at midday, by the sun. And everything in there goes absolutely nuts over it. ("Nuts" in a good way, that is.) It's one reason I look forward to this time of year (it's a nice plus to counter the many not-so-pluses of our winters) because everything in my tanks looks at their best. When I move my tank into my basement I will be losing this, and I'm a little sorry to do so, but it's a necessity after this summer we had, I will lose that and gain a little better temperature control. I hope the tradeoff is worth it.
Bottom line I think a tank lit, or at least partially lit, by sunlight is a very good idea. I think the only thing you need to watch out for is keeping heat in check.
And of course as already mentioned there is a pretty neat article in Marine Fish 2002 about a tank like this. If you haven't picked up a copy yet go pick one up. I picked up mine at Indigo haven't been able to find it anywhere else locally yet. I fully expect that the next time I pay you a visit you will have a setup equivalent to this, okay?