I can't get the picture to upload, but here's the link to a picture of mine:
http://twitpic.com/1ha3fz
In a similar fashion to the bar ends mounted inward that you posted, I picked up some longer ones with a curve at the end. Puts my hands in a much more comfortable position that a straight bar end would have and then I also wrapped it with some extra padding for my arms. I tend not to actually rest my arms on the bars much, but when I do, it doesn't hurt. Headwinds still suck, but not nearly as much. I did a few rides with it before taping the bars to dial in position.
Sidenote: if you do this, start the wrapping at the tips of the barends then finish on the main handlebar. I need to swap mine around to do this. Unravels a little to easy in hot weather combined with pressure near the electrical tape