This would be a pretty cool little feature, but this could actually be implemented on your own through just about any scripting language, including Python.
AutoHotKey also has a nify little FileInstall function that will host the file and extract it to a directory of your choosing.
You can password protect GPK, just not timed.
Try putting all of your files into into a File Geodatabase and then using the License Geodatabase tool to restrict access to it with a license file. This will give you a way to issue a license file for that Geodatabase and also set an expiration. Once you've done that, create your package from that Geodatabase. When someone tries to open the package, I'd bet they'd need that license file.
Is this only available as a Python Command? I don't see it in ArcToolBox.
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