I got my MO1201 shoes in December, 2008 and they have worked great for me.  My problem is that I have a size 15 foot so it has always been a struggle to find anything that fits at all.  Fortunately, the Internet is starting to change that and this is the best pair of outdoor shoes I've ever owned.  (Don't laugh at that if you have smaller feet:).)

Anyway, over the last year I've worn these at least weekly for hunting, fishing, camping, and hiking.  I haven't had any problems with them leaking as long as the water level doesn't go over my ankle.  They are comfortable, the traction is good in mud, and they are reasonably warm.  Although there was one time that I wished they were a bit warmer; when I was sitting in a blind and it was 25 degrees and snowing outside:).

At this point they are starting to fall apart, but I feel like I got my money's worth out of them.  Now that I have a bigger selection of boots available to me than ever before, maybe I'll branch out and try something new - but I won't hesitate to come back to another pair of New Balance boots if that doesn't work out.