I run 15x3.5s on the street. Yes the wheel is small, yes you could probably bend them taking a hard sharp turn, but I kinda doubt you would want to... the car doesn't handle very "crisply" if you know what I mean.
I would highly recommend a GOOD skinny tire though, for instance the M/T fronts (drag only, light street use) or the sportsman. I personally feel a lot safer with the sportsman with the high ply rating (they make 2 different styles). They are a heavier tire than the M/T fronts, but they are significantly more substantial and handle just fine in the rain. I run them at 40 psi around town and 60 psi at the track (max load rating). They also have exceptionally good rollout at high pressure, which is more than can be said for some of the other front tires out there. the treadwear is also pretty good, mine still look fairly new.
The car had metric 195 radials when I bought it... the previous owner had one blow out and it bashed the hell out of the drivers side of the car. he replaced it with another 195 metric radial (facepalm). on a 1 mile drive to my friends house, the passenger side tire slipped a belt right down the middle, all the way around the tire, shortly after I got the car . had I been at speed, I likely would have had another blow out that could have really cost me.
I do not recommend metric radials for that reason.
-D