A while back I say a demo of a program called deep paint. What a great tool for painting textures onto a model that I don't think is like texture baking. The steps are differant for sure. For a long time, 3dmax has suffered from rough looking models because the textures always tiled. I would like to propose a vextex paint similar plugin that would paint textures onto a model. The paint brush palette could be replaced with a texture since how you want it, brick for instance.