I think this is an impossible scenario, based on the way it is worded.
Quote: "The conveyor belt is designed to exactly match the speed of the wheels"
It's not the speed of the plane, it's the speed of the wheels.
The wheels only turn due to friction, once the plane starts moving under jet power. Assume there is no friction in the bearings of the wheels for simplicity.
As the wheels start to move the conveyor belt must speed up.
Because the conveyor belt has sped up, the wheel speed will increase. The plane is moving forward under jet power so increasing the belt speed simply rotates the wheels faster.
Thus, the belt will always be behind in speed, or if it is going to match the speed as described, it must accelerate to infinity in an instant.
Using Libervurto's approach earlier, look at it practically.
Stand backwards on a treadmill, wearing roller skates.
Hold on to your friend whilst the belt speeds up. The belt speed and wheel match in speed
Now increase your thrust by pushing against your friend stood in front of you (not touching the belt)
No matter how fast the belt is going you will move towards the front of the treadmill. The air is simply a less resistant version of your friend.
So...the plane would move forwards and take off. However the scenario is impossible because of what the belt is required to do - keep up to the wheel speed which will increase as the belt speed increases.