Does everyone agree that it takes energy to accelerate a wheel?
If so, if I continually accelerate (spin faster) the wheel there will be a constant force in the the direction of acceleration. So if I accelerate a wheel at a given rate, I can create a given force in the direction of acceleration. If I have an unlimited rate of acceleration, I can create an unlimited amount force. So if I accelerate the belt at a high enough rate to counter the thrust of the plane, then the plane will not move. To keep the plane from moving, I will have to continually accelerate the belt, but the plane will not move.
So picture this: Plane is sitting on conveyor idle. I start to throttle up, the wheel starts to turn, the "sensor" realizes this and starts to accelerate the belt. Now people think the belt will accelerate at the same rate as the wheel would on a normal take off, but it wont. For the belt to equal the wheel, it will have to accelerate at an INCREDIBLE rate. Magnitudes faster than the wheel would normally turn. (The rate would be determined by the wheel mass and the radius of the wheel.) For the belt to maintain "the same speed" it must literally stop the plane from moving forward down the conveyer. Otherwise, if the plane moves forward doen the conveyor, the wheel would be turning faster than the conveyor. And since that is not allowed by the original bounds of the question then the plane does not take off.
Real world terms: the plane goes screaching doen the conveyer wheels smoking and takes off.... (wheel could never maintain enough friction to the conveyor to accelerated at the required rate...)
Terror