It is being discussed in the Admin forums. We are concerned that it will not be able to fulfill all of our needs as a competition community. Obviously it will require testing and I presume new features will continue to be rolled out over the next month.
If anyone has tested the feature, any information or opinion in the matter will obviously be useful in the decision. I cannot personally comment on when a decision will be announced, but rest assured that the opinions of the community will be taken into account.
It's total garbage and accomplishes the opposite of what it is supposed to do. Daskro sums it up nicely (as he does everything). They wasted their time "developing" it. But we got 100 weapon camos so no big deal...