A couple of thoughts...
You only get paid if you place in the money at the top step.
You have to play though 5 steps to get there.
If you buy in for $5 and then you evenually are in the $400 tourney you better not be playing scared! This is my fear, knowing that I've made it through 5 levels and they will play scared at the top step and risk losing and starting over.
You can end up playing many, many tournaments for just that initial fee, which is good since if you "lose" on step 3 you may win a buy-in for step 2.
The steps get very little traffic from what I can tell. You may end up getting to the $400 step and just sitting there for hours waiting for it to fill.
They also have regular & high steps.
I too am interested to hear from someon who plays these.
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"Ok, this is for the game. How you doin' over there? NOT TOO GOOD!"" -Bubble Boy
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