Is it possible to replace the cover?
Yes, the pre'04's and the '04 steering wheel & airbag are interchangeable. Here is a list of model year srs component comparison:
MY '00-'03 : same driver steering wheel and airbag
MY '04: new driver steering wheel and airbag introduced
MY '00-'04: same srs unit (airbag computer)
MY '00-'04: same passenger airbag (excluding cover color variations)
MY '00-'01: same seatbelts
MY '02-'04: new seatbelts introduced but same throughout these years
*Not sure about combining '04 steering wheel with pre-04 driver airbag though. I would assume you can simply drop it in but don't hold me to it.
MY '00-'03 : same driver steering wheel and airbag
MY '04: new driver steering wheel and airbag introduced
MY '00-'04: same srs unit (airbag computer)
MY '00-'04: same passenger airbag (excluding cover color variations)
MY '00-'01: same seatbelts
MY '02-'04: new seatbelts introduced but same throughout these years
*Not sure about combining '04 steering wheel with pre-04 driver airbag though. I would assume you can simply drop it in but don't hold me to it.
I would like to modify my 01 steering wheel - it's much too fat in the side spoke area to suit me. Removing the cover and reshaping, I'm assuming, should not be too difficult; however, I can't find any place that will restich it. The auto upholstery shops I've stopped at so far all shake their head no.
I have a 2000 Honda S2000 with only 15,000 miles and I like the 2004 center better. If yours is in mint condition, I would swap mine for yours. 
I am not sure if onlt the SRS units are interchangeable, I know the steering wheels are, but I like my steering wheel.

I am not sure if onlt the SRS units are interchangeable, I know the steering wheels are, but I like my steering wheel.
Originally Posted by Rio S2K,Aug 9 2004, 11:29 PM
MY '00-'03 : same driver steering wheel and airbag
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Originally Posted by moparacker,Aug 10 2004, 07:50 AM
'00-'01 have a different "H" emblem on the airbag than the '02-'03. The circle on the early ones are a dark gray, while the new ones have a brushed aluminum look. Other than that, they are the same.
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