I would think that any power gains from blowing air conditioned (thus cooler) air into the intake would be offset by the power needed to run the compressor. Even if you ran it off the compressor you already have (assuming you have airconditioning), wouldnt it still be running all the time instead of when ever you turned your climate controls to "AC"?
I know on those salt flat speed running vehicles, a lot of them use nitrous, not into the air intake, but ON the intake, air hats, turbo pipes, and even the engines themselves, because the nitrous itself is so cold it is very convienent for cooling.
Mike S.
http://www.geocities.com/geek_farm/truck.html
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