Thanks for starting this thread!
I tried it today and it came out pretty well. My only problem was that in some areas the paint looked like it was globbed on. Perhaps it was because of my glue though- I used a glue stick. But when I took photos of myself you can't really see my mistakes. I'll work on perfecting it.
Here's one photo: http://www.cosplay.com/photo/1935027
Again, thanks for the technique!