You could do that fairly easily with something like the following (working concept here at jsFiddle).
HTML:
<div id="dummyDiv"></div>
<div id="landing"><div id="cover" class="hide"></div></div>
As I say in the jsFiddle comments, you need a dummyDiv so that you can load the next image in line into it before loading it into #landing. Without this, you face loading times the first time looping through your array of images.
CSS:
#dummyDiv {
position: inline;
height: 0;
width: 0;
margin: 0;
padding: 0;
}
#landing {
position: absolute;
top: 0;
bottom: 0;
left: 0;
right: 0;
margin-top: 0px;
background-image:url('http://placekitten.com/200/300');
background-repeat:no-repeat;
background-size:cover;
background-position:center;
background-color: black;
transition: background-image .5s;
z-index: -3;
}
#cover {
background: white;
opacity: .8;
transition: opacity .7s;
width: 100%;
height: 100%;
position: absolute;
z-index: -2;
}
#cover.hide {
opacity: 0;
}
Javascript
var kittens = ["http://placekitten.com/200/300", "http://placekitten.com/400/301", "http://placekitten.com/200/305", "http://placekitten.com/200/308"]
var currentKitten = 1;
var lastKitten = 0;
var changeUpTheKitten = function() {
lastKitten = currentKitten;
currentKitten = (++currentKitten < kittens.length) ? currentKitten : 0;
// we need to cache the image so it loads in smoothly as a bg on the real #landing div
$("#dummyDiv").css("background-image", "url("+kittens[currentKitten]+")");
$("#cover").removeClass("hide");
$("#landing").css("background-image", "url("+kittens[lastKitten]+")");
// url("+kittens[lastKitten]+")"
setTimeout(function() { $("#cover").addClass("hide"); }, 700);
};
var kittenChangeInterval = setInterval(changeUpTheKitten, 3000);
Feel free to play with the numbers. You could make it look a lot different just by tweaking a few values. Any questions, feel free to ask.