Well, apparently so few people either understood, or could benefit from the Chord Sequencer (it really only helps out those that either have a good LH, have good bender technique, or play something else) that even Roland dropped it!
So I'm not sure what benefit a computer program to do it would have to the average arranger player, either...
Unlike editing softwares, style conversion programs etc., the chord sequencer has to lock TIGHT to the arranger's clock (something not too many computer programs do well in this day and age of jittery USB MIDI interfaces) and respond very quickly to commands.
Maybe Jørgen or someone familiar with MIDI program writing could step in here and let us know if this IS a snap to write or not. I would GLADLY pay good money for something that returns this feature (of course, I've got a few suggestions about how to improve it
http://www.roland-arranger.com/smf/index.php?topic=376.0 ) to anyone with an arranger....