*UPDATE*
Hi everybody, me again...
I thought that I'd give an update as to how my experiment worked out. It's been a couple of days and it's holding up great; none of the inlays have fallen out and I haven't experienced any shrinkage that would cause the inlay to loosen up. I think what also helped is that I took the tape backing off before the inlay cured completely so the tape didn't imbed in the resin (it was cured enough to hold it's shape but still a bit sticky). I also finished the curing process under a lamp that gave off a bit of heat; the resin wasn't sticky at all after 24 hours under the lamp.
King: I used "castin'craft clear liquid plastic casting resin" (that I purchased in the jewelry making section at Michaels) and colored it with a tiny, tiny bit of oil artist paint. I cut the sections at a 90 degree angle, no tilt.
Another benefit from doing the inlay, that I really didn't give any thought to before, is that the cured resin gives the piece a nice bit of weight...sort of like a nice, dense hardwood piece would have. I'm really liking it. So even if I use a less dense wood as the base, the finished piece will have a nice heft to it!
Now I'm planning my next project: a small box, with miter joints, with an resin inlaid top and possibly even the sides. Lofty goal but I don't think I would push my skill level any other way. I'll keep the forum posted.
Thanks again for the support everyone!
Dixie