I tried this about 4 years ago with technology from 7-8 years ago.
The unit couldn't keep up with the noise, and actually generated MORE noise in the process.
I have a new set of turtle-beach in-ear noise cancelling units, and have had them do the same thing on a couple occasions. (in regular use, not in a helmet.) I'll try figuring out what circumstances makes it freak out.
I'm not sure it would be all that effective anyway, as noise cancelling headphones are meant to block out lower frequencies. Wind noise in the helmet seems to me to be a lot of high frequencies.
The wife and I are using the Edsets.com helmet buddy set up and have choosen to use Challenger M noise reducing custom earplugs (google Challenger M) These earplugs provide a 25+dB noise reduction and allow the wife & I to ride with the Audio volume set to 3 at highway speeds.