Have you made a picture of this thing? I'm trying to visualize it - especially the part about it building its own Y axis as it goes - but not having much success.
I'd suggest using steel beams rather than aluminum ones. Steel is much stiffer, and it's also cheaper. I have seen 3D printers based on MIG welders, so that's not hard to picture, but I'm not seeing how this could possibly be rigid enough over that huge span to carve away at the weldment without chattering madly, especially since you're using wheels on your beams instead of real linear rails.