Updated January 12, 2012
Here are my current Works In Progress. Not really in any particular order.

1989 Ferrari F189/640
I bought this kit for $15 with the Studio 27 PE with it! I also picked up the decals at the same time and it was instantly a kit I had to build. My first Ferrari too!

This is my 4th F1 project, but my first Ferrari! Pretty cool looking 1989 car that finished 3rd in points.
There are a couple things I've decided to go after on this project... One is the front side panels around the suspension arms. They need to be sealed and puttied. I have already sealed them and working on putty now... just sand, prime, sand, prime... I also managed to "pin" all the suspension parts in place. I'll tell you, that job sucks!
The other is the piping in the engine bay. I'm not going to super detail it, but the coolant lines HAVE to be added. If you've seen pics of this engine bay, you'd agree!

2002 Yamaha YZR500 MotoGP bike
Picked this kit up super cheap a few years ago when my shop had it on clearance. I grabbed the Studio 27 decals recently at a show. Here is the ref pic. I'd LOVE to build the #50 test bike of Sylvain Guintoli, but I can't find ANY reference pictures, so it looks like it'll be Shinya Nakano's 56 bike.

I shot a quick mockup to make sure I know what I'm doing, then it was off to the, uh... races. :)
I painted the coolant hoses, then used liquid mask to cover the hose part, then shot Alclad DurAluminium. I also shot all the SG black for carbon fiber... Then masked off the engine to paint the block Magnesium (just to look darker than the aluminum cylinders) and then masked the top off for aluminum.
The exhausts have been puttied... That job is gonna suck! :)
All the main parts have their first color on... Now I'll mask most all of them and start detail painting. With as much vacation as I have coming for Christmas, I might even have this one done before the end of the year!!

Almost all the body panels painted (just need to get the neon yellow down).
And... Lots of CF time on the kitchen table after the kids go to bed! :)

A lot done over the last few days... Body panels cleared, most of the parts are ready to go. I put a wash on the radiator, finished the swing arm, assembled part of the chassis, and forks.
It's really starting to come together.

Decal party!! Interior panels complete, exterior panels complete (except the tank which needs the bottom painted aluminum before I decal it) and all carbon fibering is done! The interior panels surely aren't perfect (some pin marks and wrinkles), but it was my first time doing that, and I think it turned out OK.
One cool reference pic I saw had a "wrap" around the shock reservoir, so I used a little chunk of VERY lightweight fiberglass. I folded it in half and wrapped it with thin strips of tamiya tape painted black for zip ties!
After some quick asssembly of the chassis parts, I realize how close I am. It is really starting to shape up!

Hopefully the last update before completion! Exhaust is finished. I started out painting it Alclad black with Alclad chrome, but it was too bright, so I painted it Alclad Duraluminum (or dark aluminum, not sure) and that really kept the color, but took the brightness off.
Then I hit the weld seams with Model Masters Exhaust. I tried to make the black wider than the weld, so you'd be able to see the black from the chrome I was going to put over the top of it...
Next was the chrome. I used Model Masters Chrome Silver with the smallest brush I have. Once that dried. I overcoated it with Tamiya acrylic clear orange. That gave the welds a really shiney GOLD look to them.

1992 Davey Allison Havoline - Daytona WINNER
I cut into this kit the first mention of Mike from Powerslide saying he was going to be offering these decals for sale. One of my favorite race cars of all time.

So far, it's just modifications to the body. Bumpers fit flush, all side windows modded, filled character line, fuel filler, hood fitment, extended the front air dam, rounded the drivers side with Tamiya Epoxy Putty, underhood bracing, hood hinges, and lots of putty/sanding/priming/putty/sanding/priming... :)

This is without a wetsand/polish. It is just Duplicolor black covered with Duplicolor Clear. I heated the can pretty well though in my dehydrator. It went on super smooth though. I'll get it poilished out soon.

Decals arrived, so I got after that polishing. :)
I wetsanded with 2000 grit, then used Tamiya compounds - coarse, fine and finish. Then I decalled with Mike's BEAUTIFUL new Havoline sheet. Then I went over it with some Novus 1 (the liquid stuff) to clean off the decal residue. Now I just need to get crackin' on that chassis.
No 'Havoline' decals on the quarters yet because I haven't cut the side windows, and there is a bit of overlap.

Found a couple better pics, so I adjusted my deacls to match. I removed the front yellow stripe WITH the red pinstripe in favor of just a yellow stripe. I also adjusted the NASCAR logo on the dirvers A pillar. Then I added the Havolines on the rear quarters. I also added the little CCD logos to the rear quarters.

1988 Thunderbird Turbo Coupe
Finally back on this one. The bumpers are on the body, and the wheels have been de-chromed. I'm going to use Model Masters aluminum and stainless steel on the rims like the real thing. I'll start detailing the interior and prepping the body next.

Put in a little time on the Thunderbird as of late. Not too much though. It isn't peeking my interest like I thought it would... I am adding little details here and there that I remember from the car (and pics of course).
Although the turbo and intercooler weren't the greatest design in the car, I wanted to make them stand out. I added some sheet styrene to the top of the I/C as the flange that meets the hood for added cooling. I also added new piping off the I/C to the throttle body. I'll add foil on there to look like hose clamps. It should clean up pretty well.