Sergio Santagada sent this tutorial movie. This shows the construction of a simple textured pyramid. It neatly demonstrates how the TCE (Texture Coordinate Editor) can be used to texture map low poly models so they look great.
http://www.ac3d.org/ac3d/forumpics/Cheope_pyramid.mov
(Quicktime 19 meg)
(recorded using AC3D5 on a Mac)