Just did some quick research and found this on ls1tech.com:
"This comparison of Magnum (left) and original T-56 input shafts highlights the Magnum's much larger bearing diameter and gear face width. What it doesn't clearly show is the larger diameter of the Magnum's 26-spline shaft. A 10-spline input won't be offered, so you may need to think about a new clutch disc. The length of input splines is also much greater on the Magnum in order to easily accommodate dual-disc clutch setups.
An updated version of the T56, this is the same transmission used in new Camaros and Corvettes. Revisions include larger input and output shafts, larger and stronger gears, an improved heat treatment process, a stronger case, double- and triple-cone synchronizers, laser-welded dog teeth, stronger shift forks, and shorter throws. The result is an astounding 700 lb-ft torque capacity.
Tremec also fixed the main complaint we had about the older T-56, namely gearing. On the old model, you had to choose between having a good set of First through Third ratios, or a good set of Fifth and Sixth ratios. Generally, we went with the 2.66 First, 1.78 Second, 1.30 Third, and tolerated the 0.74 Fifth and 0.50 Sixth gear ratios. Don't get us wrong, a 0.50 Sixth gear is great for meeting C.A.F.E. gas mileage standards, but it's far from a performance ratio. And while the Vette gearing would yield a more zippy 0.80 Fifth and 0.62 Sixth gear, the obligatory 2.97 First gear proved incredibly short, especially with 3.90 rear gearing. We, along with others, bitched and Tremec listened. The result is a blending of the best of both gear sets.
Apparently this trans can be purchased from Tremec but it is called a T56 magnum. Also a different clutch disc would be required as well as replacing the driveshaft, as Dan had already mentioned. Appears it would be a good upgrade but very expensive when it's all said and done.