Hey Skullcrack,
I've been on the same Formulas as you for about 9 months now and I cannot say anything bad about them, except for the bleed process. I swear that I must've spent two hours trying to chase the bubbles through, and get the rest of them out of the lever side. It was a true PITA process. And I've bled plenty of Avids and my wife's Elixirs...
I ran Hope M4's and the Mono Minis from about 2005 through early 2008 They were by far the easiest brake to bleed, the parts are nicely machined, and robust. The brakes are designed to last.
What I did notice living up here in Northern Cal is that the Formulas are waaaay quieter, and consistent when the conditions get sloppy. When we were in Kernville last May, I couldn't believe how strong and fade free the Formulas were as we were bookin' down Remington. There doesn't seem to be any fade with the damn things - maybe I'm just not going fast enough.
Aqua's been on the V2's for a long time and swears by Hopes...
Good luck.
D
Whatever, Buckley has lost all credibility with me!!! (Frame is probably strapped to the back of a burro...dead from exposure somewhere in the Cascade Mountain Range.)
- Winston