use Arduino to control R/C inputs and outputs?

I am fairly new at using Arduino and I had a question. I have an old R/C car and I just bought a Futaba attack-4 FP-T4NBL channel 38 72.550MHz transmitter and receiver and I was wondering if I could attach the receiver (with four channels) to my Arduino as an inputs and the attach the right outputs to the motor and servo so I can use the control stick to control the R/C car? Here are some pics. In the photo of the R/C car the wires on the left are connected to a servo that controls the steering and the wires on the right go to the motor. Hope the pics help explain what I want to do.

Photo on 2012-01-21 at 22.41.jpg

Photo on 2012-01-21 at 22.40.jpg

Read the following link on Reading PPM from a hobby RC Receiver for RC input
http://arduino.cc/playground/Main/InterfacingWithHardware#PPM
http://arduino.cc/playground/Code/ReadReceiver
http://www.arduino.cc/cgi-bin/yabb2/YaBB.pl?num=1253149521/all

and output using the Servo Library

http://www.arduino.cc/playground/ComponentLib/Servo

and the correct connection is

and the correct connection is

...not that!
You should really power the servo separately, with the grounds only common.

Thanks for the reply! This will really help me a lot!

The servo on my R/C car has only two wires, a black and a brown. I thought they were suppose to have three, a ground, power, and a signal. What do I do and how do I wire it to my Arduino?

Never seen one of those.
Can you post a photo of your servo?

I found out that the "servo" that had two wires was actually a motor. But I'll still will try to get a photo of it.

I have read the links that were provided but I still do not under stand how to program it. How would I program it ?