Can OLAP be done in BigTable?
It's even kind of been done (kind of).
LastFm's aggregation/summary engine: http://github.com/zohmg/zohmg
A google search turned up a google code project "mroll" but it doesn't have anything except contact info (no code, nothing). Still, might want to reach out to that guy and see what's up. http://code.google.com/p/mroll/
My answer relates to HBase, but applies equally to BigTable.
Urban Airship open-sourced datacube, which I think is close to what you want. See their presentation here.
Adobe also has a couple of presentations (here and here) on how they do "low-latency OLAP" with HBase.