40 years and 45,000 foxes later....
So yes, the theory is feasible. I mean, let's say we were to do that to take on the Lionfish problem. Maybe we could selectively breed a fish that would eat only Lionfish? I could see funding for that.
Here's the study by the way.
http://www.americanscientist.org/is...canid-domestication-the-farm-fox-experiment/3
The trait they chose was 35% related to genetics and 65% environment. (Canines inherently are pack animals with the ability to defer and show affinity to other pack members.) I think some traits are far more genetically linked.
The problem with evolution is that it's unpredictable and sometimes you get dead ends. Apparently legs were developed in fish before they went on to land, primates walked upright while they were in trees, etc.
Colors, metabolism and body size are probably easier to change than actual limb functions. But yes, the theory is pretty robust and given time, enough selection force and enough population, sure it's more than reasonable.
Interesting theoretical idea.