I think that is one of the coolest looking PS3s I've yet to see. I'm not really into skins all that much and I belive paint is definitely the way to go. I was actually thinking of modifying my sixaxis controler by slightly coating the inside with a thin layer of glow in the dark spray paint, and adding clear LEDs inside to charge up the paint leaving the outside black but when charged glow in the dark.
A pretty cheap modification by far, finding the paint has proven hard with the exception of online purchasing. I really appreciate seeing gamers using there artistic talent towards generating neat stuff and broadening our ideas on what we can do on our own to personalize our equipment.