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Measured against .me syncing, it's a step change. I've a home office network comprising a NetGear wireless router connected via ethernet cable to my 24" iMac that is acting as the p2p server. A MacBook Pro, PowerBook and eMac connect wirelessly. OF is installed on the iMac & MacBook Pro under a family license.

Of course, there may be a few bugs to iron out, but so far syncing is performing flawlessly. The weakest link in my system has always been a relatively slow broadband connection, so I'm really noticing the speed advantage of local syncing via Bonjour.