Have you ever used QuiBids? Were you successful?

Last night I stumbled on literally stumbled the site www.QuiBids.com. It is an auction site that seems to have screaming deals on some pretty high end stuff (Macs, iPads, HDTV’s, etc). In order to participate buyers have to purchase the right to bid at sixty cents per bid. Their page has all kinds of info on how to make it work but I found it rather confusing. Does anyone have real world experience with the site? What strategies did you use? Were you successful?