For reference, here are some preliminary shots I did about four months ago. No warping or color correction here, just a straight crop and merge of the X0 DC chroma and DarkJedi SC luma (merged image is on bottom):

http://img146.imageshack.us/my.php?image=merge14ku.jpg

http://img127.imageshack.us/my.php?image=merge28gl.jpg

http://img139.imageshack.us/my.php?image=merge39kv.jpg

http://img139.imageshack.us/my.php?image=merge43ws.jpg
As you can see, the alignment is off. But this technique has the potential for some outstanding results if done properly.