Coating a Motherboard In Thermal Resin?

Bat Country writes "I've had an idea in the back of my head for some time (and I'm surely not the only one) that it would be a worthwhile project to coat a motherboard in thermally conductive electrically insulating resin — complete with all of its various components — for the purpose of immersion, shock resistance, whatever. I'm curious to find out if anyone's undertaken a similar project or if it's known to be a shockingly bad idea (due to shrinkage during the curing process) already. Thoughts?" If you've done anything similar (even an experiment that failed), how did you go about it?