thanks for the info. Please let me know how it goes.. I assume you would remove the existing touch up paint in the same way I am going to have to remove the rust..Rust? Bad. Can't help you with that. If I ever see rust, I'll take it to get fixed properly. I just don't know enough.
As for chips, drcolorchip.com is the best I've seen.
I recently tried to use touch up paint on my car and it looks terrible. I asked my dad about it (he's a car nut) and he showed my his 911's hood. It looks perfect. Then he told me he used drcolorchip and it took care of everything.
I think I saw somewhere that they sell a "rust removing pen" that might work on any existing (small) rust spots.
I'm waiting on my order from drcolorchip to arrive, then I'm going to look into how to get the touch up paint blobs off the car.