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I've played with it. The only thing I have been able to accomplish so far is go through the tutorial. All the classes are defined programatically, so it takes some getting used to. I see a lot of possibilities with cross-platform development. It can be integrated with just about anything. There is support for VFP, ORACLE and SQL Server backends, and frontends ranging from ASP to any rich client that supports ADO or VFP curosors. It seems to be pretty snappy.
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I've only played with the demo and tutorial document. Afterwards I attended a presentation on COMCodeBook in our local VFP User Group, by Michael G. Emmons (from the FlashGang). He showed the sample "attorneys" app that they have, and after doing a query in IE browser shown in the projector for the audience, he repeated the query in his web-enabled PDA, (don't know which model) and showed the results of the same query in the little PDA's screen to demo how it works independently of the front-end used. Impressive.