It works very well but as with any dictation tool, it still requires some touch up.
I originally wrote this post to let you know about an offer someone was making to transcribe your podcast for $5 – regardless of length.
Unfortunately, she has withdrawn that offer.
It is still worth exploring transcribing your podcast or video with dictation software. This is advantageous for search.
If you find a service that does inexpensive transcription, overseas or otherwise, please let me know.