It works pretty well. I've used it in the past to make youtube videos (i no longer do anymore). That being said, I ran into 2 bugs back in 2015 that haven't been fixed. The first was that videos > 3hrs long don't work with VSE. The video cannot be viewed/edited past the 3hr mark. The second issue is that the imported video will only keep the video and the first audio track it finds. This can cause issues if you say have the video audio on 1 track and the voice over audio on a second track.
With that being said, it is still a great tool for making videos.
*edit fixed some sentences