BTX sells a motorized remote control device that can be used for either Austrian or Roman type shades. I rather doubt Austrian would work very well in a blackout lined situation, perhaps PamW knows. Roman would. Your local drapery dealer would purchase the unit, which is mounted on a 1X4 board and construct the shade in a normal fashion. It would simply be raised and lowered by the motors rolling the strings up onto reels rather than pulling strings on the side as you would a manual Roman. The two negatives are that it requires 110v at the shade and it can get spendy. It's the B9 Roman on this page:
http://btxinc.com/pages/prodtech.htm
A better solution for a simpler and more economical approach would be to use the HunterDouglas PowerRise Honeycomb Duette Blackout shade. This is remote control, can have batteries in the headrail, a battery pack on the wall, or a wall cube supplying the power. HunterDouglas also has an X-10 triggered IR blaster that will lower all the shades at once. I am using one to lower a couple of PowerRise shades each day to block sunshine fading, triggered by my Ocelot home automation system, and it works very well.
I really don't know of any other way to get vertical lift than discussed above. In stage work, and in one home theater I saw a picture of, they lift the entire drapery vertically, but that means into the room above. Most homes will not accomodate that unless built from the ground up for that purpose.
This stuff all depends on budget. Some pretty cool things can be done, but each has it's price. In a normal cost conscious home theater setup, the HunterDouglas PowerRise Duette is about as extravagant as most get.
Is there a reason you need to go vertical? Perhaps we can help solve your problem with a bit more information on what the limitations are.
Deane