They will still have to use common air inlet because all the intake air has to be metered by the MAF sensor. So a big air filter housing will need to be fabbed if you are to use stock fuel injection.
Its been done already
here is the thread (pics missing but good info) i dont think its for sale and the OG poster has not been on since 07 Gauging Interest: 1nzfe w/ ITB
Im not doing it to " race " my scion xb. I already have other cars for that. I just wanted to fab something up since Im bored and thought it might sound better.
3k for a itb kit is alot....
But I think your right about losing power since its already low enough but alot of the corolla guys run itbs on their 20vs etc.