I'm not sure why you would want such a technology, but it sounds a lot like MS's new Remote Desktop extensions. The difference being that the RDP Extensions would allow you to use the video acceleration on the displaying computer.
I don't think you're going to find what you're looking for. Conservatively, lets say your running 1024x768 resolution, 32 bit depth, at 60Hz. That's 1.5Gbps of raw data. You could cut it down to 500Mbps by cutting the frame rate to 20Hz, but lower than that and you'll notice flicker. Now we could employ compression technologies like MPEG-x to get lower bit rates, but that's going to require some powerful hardware compression to do it in real time where it would be acceptable for remote desktop use. So now we're talking a very low volume product, with high cost components, and very little value; that's a recipe for 'not gonna happen'.
IPMI was meant for Management functions, not streaming live OpenGL 3D renderings over IP.