Hi everyone,
I have had the post for a few days, here are my notes. Bear in mind I've never owned or ridden any dropper seatpost before, so cannot compare with anything else. I'm now not sure I can ever ride again without a dropper post - what a revelation!!!!

Components:
First thing to do when you get a new toy is to take it apart:

As you can see its very simple construction, very similar to the gravity dropper turbo - see http://gravitydropper.com/products/turbo-parts/
The upper post is cro-mo steel, the lower alloy and the bushing some kind of plastic.

The cable is a "base" quality gear cable and feels rough - the unit would benefit from a nice shimano SIS cable, so budget for this. I greased up the upper and lower bushings, keyway and the locating pin (attached to the end of the cable) and pin spring before use.

The cable has some adjustment, insert allen key into lever and turn. I made the mistake of setting it up too "tight" so the pin wasn't fully extended (again crap cable doesn't help here with adding resistance). When lowered the post would occasionally therefore shoot up unexpectedly! However slackening off the cable a little so the lever was 'just' loose did the trick and it never did this again.
On the Bike:

With the seat in the extended position - you can feel rotational slight movement in the seat when off the bike, - its not noticeable when riding. With the seat dropped and when stood up, the unit does rattle a little.
I ran WITHOUT any kind of boot or protection over the post (my boot hasn't arrived yet) and on a very wet day in very gritty muddy conditions. I did run with my Race Guard and protected the rear cable entry with some tape as pictured. The Race Guard gives pretty good protection for it.
Towards the end of my ride (after maybe 20 or so uses of the post) the post would be slow to return - I had to stand clear of the seat and release the post (so the spring had more force), rather than sitting, release and letting it rise with my body. If I let it rise with my bum then it wouldn't make it all the way up. If you wind in the silver alloy spring base in the bottom of the post you can increase the spring tension to counter this.
Clearly crap had got in and slowed the post so once home I disassembled the upper post (very easy to do on the bike - unscrew collar, push lever and draw whole upper post out). It was clear the seal on the post is not great and crap had got between the bushing and the inner post creating resistance and scratching the upper post.
I would imagine if I had just carried on riding without protection the upper post would be scratched to hell and eventually the bushing would wear down and the whole thing would move more freely - just like the German magazine picture. However I intend to keep it greased up and protected in future.

Rather than use the shock boot designed for it (because it hasn't arrived yet), I used a length of old inner tube, which fitted nicely with a couple of zip ties. This should keep the crap out, hide the scratched upper post and enable more grease to be used on the upper bushing area.
Summary:
After one ride I don't see myself riding without a dropper post again. I've ridden mountain bikes for over 15 years mainly XC / trail riding, latterly in the Lakes and trail centres. Always I've had sections where I've held back as a high seatpost has caused some instability. I'm one of those people who can't stand pedaling on the flat or uphill with my seat set even an inch below optimum, and I really hate stopping to adjust as it ruins the flow of the trail, and I can never seem to get it set just so again quickly.
With a boot I think this post will stand up well over time, but without a dirt protection boot I bet it would wear and get loose fairly quickly. That said, the plastic bushing and keyway won't be expensive to replace, and the German mag review had ridden it for 2000km without a boot....