I happen to like it. And a damn fine photochop if I've seen one! Maybe a little smaller, but hell, look at mine! And to answer the question about semi transparant decals, yes, they make them. In fact, in the MSP forum, I photchopped the flying M onto a car in a semi transparent color so they could see what it looked like. Done IRL, the idea is great. Most the time you can tell something is there, but its hard to make out unless you really look at it. Let me see if I can find the pic for you...
VIOLA!! Here you go...