I don't really see the point. It's harder to replace, sure it's quieter but I kinda like the noise my chain makes, and weight savings on a steel bike which is clearly not meant for racing, what's the point? IMO the chainring looks kinda ugly too on the clean frame. I'm sure it works but it seems pointless. And if it saves so much weight why isn't it used on track bikes already? Does it have more flex than a chain, which I can imagine would be annoying.
It is basically almost 0 maintenence, http://www.londonfgss.com/thread10338.html