I just took this on a trip to Assateague Island, MD this weekend, and it was amazing! The last night and day of the trip, we got hit with heavy thunderstorms. We didn't have a tarp/footprint under the tent, and I was worried some moisture would come in from the bottom. My boyfriend and I stayed completely dry inside there! The fly and floor really is waterproof.
It's extremely easy to set-up and take down. Space was good for me and my boyfriend, though it is a little snug. If you have a gear loft/attic, which I plan to invest in, it would be perfect. 3 side pockets were helpful. Great air ventilation. I'll definitely be picking up the footprint for this; there's room in the carrying bag for one.