No. You can't use AlterEgo to animate a real life animal. Using the product, you can create an animated avatar that can move its lips like talking. Unfortunately, you can't add real life photos to the program and animate them.
The animal animating process is not easy to accomplish. The professionals from Hollywood aren't using real life animals for their animations. All the animations that you see in movies are generated on computer with tools like Adobe Photoshop to create a pattern and tools like 3ds Max to create the animations.