I've now had this for coming on four or more months.  I really enjoy the boot for everyday banging around in and going to work, very solidly built and comfortable to wear. For urban settings and work, I feel this is a great boot.  It can be heavy after a while, so if you do a lot of walking your dogs will feel it be the end of the day, except that the footbed makes it so your feet DO NOT hurt after a long day - they are just that comfortable.
  As for hiking, I've decided to get a lighter weight pair of boots for hiking.  I've got some hikes planned for this summer, and I am dreading the thought of lugging this boot with me.
  When they said this is NOT waterproof, they meant it.  I went for a walk in the rain with the dogs recently - it was an extremely heavy rain - and sure enough the water did come into the boot.  Not right away, but in the amount of rain I was in I would have expected it to last longer.  If you want waterproof, this is not the boot for you.  But the other Timberland Pro models are excellent waterproof boots from my friends experience of 3+ years with his pair.
  Summary - great boots for work and banging around in. Feet are well protected and safe.
***
One year review follow-up.  Still wearing these 3x week and they have held up well.  I've not really put much of a beating on these yet, but regardless I'm usually pretty rough on any boots I have.  Pleasant to wear in cool Tennessee weather but not insulated enough to spend long periods in sub 30degree weather.
Overall after a year I'm still pretty happy with these for banging around the house/yard/office.