Not bad, not great.
-lots of float (good for people with bad knees, like me)
-mud/snow is never a problem
-the cleats suck... I went through 3 pairs last year alone.
-this one's the most annoying: the outer platform is so thick that it conflicts with the treads of all the mountain bike shoes that I've been able to get my hands on. Be prepared to file down the soles of your shoes.
-you have to grease them frequently or else the egg beater won't spin freely from the outer platform