Joe at Salt Water Paradise has a couple of them running on cubes at his store, and they don't look bad at all. They are supposed to put out high amounts of PAR (due to tightly focused lenses), but since many LED's put out less lumens than comparable light sources like metal halides, they do not seem as bright in comparison. The corals in SWP's tanks don't look bleached from them last time I looked while in there, but Joe has them off the water a good bit if I remember - now I will have to stop tomorrow to re-acquaint myself!
The Captive Aquatics blog (11/16/2010) did a review of them not too long ago - give it a peek. I remember the reviewer concerned with the relative lack of heatsinking, but they do run fans and do not feel hot to the touch upon first inspection. They do seem ideally suited to a cube setup. It is also mentioned that 2 models exists - one with 1 power cord and one with 2 so that they can be on seperate timers. I think this light might be a little bigger with more coverage than a AI SOL Nano, but Justin is right - the AI's are supposedly among the very best LED fixture on the market, plus they are made in the USA! The larger AI SOL is probably more comparable in terms of coverage.