OK, I finally got a pot of the stuff and had a bash with a model I'm using to practice on before I start my GD entry.
Scorched Brown basecoat. Normally I use Scab Red for the next layer when painting red, but for the purposes of this test I went straight for Blood Red. Opened the pot and found it had started to dry - nice and gloopy.
One drop of this and about 3 drops of the medium. As soon as it touched the paint it started dissolving it, this doesn't happen with any other thinner or medium I currently use so a good start.
Using a standard brush (which is knackered) and rushing it a bit (resulting in an over loaded brush and thus some graininess to the layers), I got this in about 10-15 mins.
Dries quite quickly (good for juicing/feathering/blending/glazing or whatever you want to call it), though not sure how much compared to just water.
Doesn't separate the paint either.
Definitely using this stuff over the Vallejo Thinner Medium. Easier to work with and dries matt - shininess being my biggest gripe with the other stuff.