So far I'm happy with it. I've never used Masking Fluid, but it's pretty intuitive. Paint (with an unwanted fluffy brush - DO NOT use a Grümbacher for this!) the areas you want to leave alone, let dry, paint over/around, let the paint and water dry thoroughly and erase then with your finger or the eraser. I haven't had any issues with discoloration or damage to the paper and I use very cheap paper so I was pleasantly surprised. In fact, I didn't notice any of the smell that most people complain about; Maybe I just don't have a sense of smell, but that doesn't bother me yet. And as long as I seal it tightly it doesn't seem to dry out in the bottle, which is great. So far no major problems. Don't sniff it or leave it on the paper for too long (overnight can be a problem) and you'll be fine.
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