Here's the thread on George's fine looking 38, BONAVENTURE. He took it to extremes, and had the hull painted like a new Hatteras Yacht. Some people have all the fun!
http://www.network54.com/Forum/424840/message/1145912019/
Regarding the insulation, I agree with the comments about using fiberglass batt insulation, and would not do it. If there are areas of sound deadening like George mentioned, the specialty products will do the job.
I'd wait to see how much noise you have, before thinking too much about sound deadening.
I don't have any insulation in our 38, and we have not seen any condensation inside the hull summer or winter. We do keep the heat on in the winter, sometimes to the tune of $100 per month, but we also spend a lot of time there after work, week ends, etc., too.
Regards,
Paul