I searched on Video Google for "ARCA" clips and came over this amazing video
where they "skin" a car...
Take a look:
http://video.google.com/videoplay?docid=-2145945994793970222

Wow....o_O

Whoever said skinning in PSP is not realistic should be shot on sight.
The only difference between PSP and RL is that instead of sticking the skin on a real car, we stick it onto a 3d model (I wonder if they used the NR2003 skin templates for this).