It has been done. Check out Skyhunters "A Passion for Falconry" with most photo's done by Rob Palmer. The description on his website says, "This book is a wonderful 320 page coffee table book..."
I have a copy and the photo's are absolutely amazing.
That's not to say that the AFC shouldn't put one out, I think it's a great idea and would gladly contribute photos, just to point out that the coffee table book idea has been done before.