Works great.
For Isolated USB UART
Very handy for debugging any of a variety of devices that happen to have UARTs. Totally plug and play on OS X. We never even looked at the doc. Just plug it in, hook up VCC, GND, TX and RX and off it goes. Remember TX is from your computer, not your device, so plug your device's RX into the pin labeled TX and vice versa. We guessed right the first time on this.
We just ordered three more of these. We need extras in the lab so we aren't always fighting over the one we have.