The Mi-48 is a nice idea - mix of Kamov and Mil designs and technology to produce a general-purpose battlefield helicopter.
However, there are some design issues with the heli which stand out as making it unlikely ever to have left the drawing-board in even the wackiest Iranian design studio.
With a little work between someone who has actually designed helis and Bohemia's excellent graphics artists, a more-believable helicopter which could actually fly would be possible. See additional information for specific comments.