2014 update:
I wore out the first pair of boots. I really did not have to be concerned with water penetration. My feet were never soaked. Stitching held up without any problems. I liked them so much I ordered another pair. I have also upgraded my review to 5 star.

Original review:
I purchased the Indiana boot from Amazon and have worn them for about a week. My job does not require steel toe boots, but I rather like the support that a 8 inch boot provides. I wear my boots 7 days per week as my primary footwear. This was my first purchase of Cat boot. My usual boots that I have worn for the past 10 years did not make a boot in black and I wanted that color. The Cat boot seemed to meet my requirements of color, price, traction, and size.
Pros:
* 8 inch boot
* Black leather able to be polished
* Good traction
* Comfortable
Cons:
* Stitching seems like a lower quality
* Odd quick lace nylon band
* Different size from my previous brand-larger in size than previous brand
* Not labeled waterproof
Overall:
I would recommend these Cat boots for the price. I received mine for about $80 after a 25% discount. I would say they are an $80 boot. The stitching quality would make it difficult to justify a higher price. The biggest concern is in the nylon strap for one of the quick lace rings. It goes under the leather in one place in the boot. This seems like it would make for an easy entry point for water. It just seems like an odd design. The traction and overall comfort seem acceptable.  If they hold up for a couple of years, I would buy another pair.
Final score: 4 out of 5 for lower stitching quality and the odd nylon quick lace band.