Sync's Wargaming blog is a good place to start as a resource.
No Way! Don't go here! Go Back! Turn Around! You've Been Warned!!!
He has many photos of his painted MERCS miniatures.
Yeah, only to show off his freakishly good painting talent to the rest of us mooks. I mean, really, who wants to spend time looking at outlandishly good painting or dreaming about playing with a Merc team painted up exactly like the pictures on the Data Cards? That's just plain silly.
If you really want some exemplar pics, I'll post a couple of my own. The base game figures are in primer grey (still), and the expansions are not even made yet.