Actually, I think it's possible, but I don't believe it's worth it. The idea would be to create a custom default stream wrapper, which will parse PHP files according to the new grammar and make the appropriate changes to the syntax so that it will be valid PHP < 5.3.
The wrapper would have to replace class names such as Foo\Bar\Baz with Foo_Bar_Baz. Currently I'm not sure if there's something that would render this impossible.
Anyway, I don't believe it's worth the effort. Upgrade to PHP 5.3.
Oh, that means that the wrapper code should be compatible with PHP < 5.3.