Interesting convo chaps... my weathering's been confined to cockpits so far, but as I'm about to finish a kit using only my airbrush for the first time, I'll be giving it a go. I've got tubes of both watercolor & oils, but was a little concerned about using oil or acrylic to weather, because of the permanence of both, and the tendency of the turpentine to attack any paint that's not that well covered with future.
I think I'll use the watercolor approach, given my penchant for accidents!