I have been using it for about two years. I have had good luck with it. I have never had a batch go rancid and smelly on me and it seems to protect the machine's surfaces well. I use it on my lahtes and mill at around 8-10% concentration and on my cut off saw at 20%. It has a very slight pleasant smell and the solution is a nice translucent blue when first mixed up although it turns milky after a bit of use. It leaves a very, very light film on the machine and on parts. The film is not tacky and the parts wash off easily. I use it on aluminum and steel both, mostly aluminum though. Overall I am happy with it.
Hercules
2008 TM-1, 2008 TL-3, 2009 TL-1, 2010 VF-2YT