Have two UT Veloce chainsets. One compact, one non-compact. Both have done ~7kmiles each. No problems at all.
Bearing lifetime seems excellent, especially when compared to Shimano HT2 road BBs I’ve had. Cost of replacing these bearings is cheaper than HT2 or even square taper. Word of warning; get the actual campag bearings, as non-campag ones with the same ID aren’t in fact the same. Campag ones are narrower, as they are a custom bearing with only a single seal on the inner side. Mute point anyway, as to get similar smoothness you’d have to spend similar amounts of cash on a pair of SKF.
JoeNation – Sorry to hear about your pedal washer issues. As for the centre bolt coming undone, it sounds like you need to have the BB refaced, as this is a common symptom of non-parallel faces.