Did mine today, went a slightly different route. Kept in the orange bulbs and painted just the very edge. While I do think the fully blacked out look is nice, it's a little over the top. I wanted something that looked factory, and I think I got it.
http://img59.imageshack.us/img59/3811/offcarcloseupaa6.jpg
http://img59.imageshack.us/img59/9829/oncarsidenj0.jpg
http://img204.imageshack.us/img204/6348/oncarfrontur6.jpg
Word of warning... don't f up like I did. When I was putting the drivers side back together I didn't press the corner together all the way. I was going to just let the screws pull it tight... yeah, guess what, screws in hot plastic don't grip very well. So when I put it back on my car there was a good 5+ mm gap between the car and the edge of the light... not good. So I threw it back into the over, pressed it together as good as I could, let it cool a bit, and then tightened the screws. The damage had already been done though and now there's a 2-3 mm gap. Better then before, but noticable (by me anyway)