Yes it is, in principle, you just got to apply it to your menu.
Look at the card, see the multiple images as it rotates. You need to create same with your menu block. See the card faces, this would be your menu buttons. The priciple is the same, you just have to change it to work with your menu.
If you expecting a fully working example of what you trying to do, that doesn't exist. Construct is a 2d enigine and you need to apply the 3d card effect principle to achieve what you are after.
There is an example which follows the mouse and its called "carousel 3D depth" but the Problem is i don't know how make this as Menu that u can rotate it with arrowkeys. I wish i could post links :(