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I just returned from a trip to Germany; while there I stopped by Stefan's office and saw his Elises (and his many, many spare parts lying around!). He had recently completed a chassis replacement, and we talked a little about that. I think he said it took him and a friend four weekends to do this, though it was on a series 1 Elise, which of course is much simpler. Paying someone to do the job would be expensive, but if you can do the work yourself, it doesn't sound like there's much to it. The biggest problem might be getting parts from Lotus in a timely manner.
 
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