Be sure to check out Matt's links.

IMO, the fletching issue is a bit of a problem with "soft" vanes like the AAE Plastifletch or Duravanes. With Bohning, AAE Speedflytes, or Flex Fletch (I've heard), the vanes do not suffer much at all. Feathers also work well with this rest. As mentioned, the arrow security is excellent, and the accuracy can be very good if you take the time to really tune the bow/rest/arrow combination.