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@dubtap
When laid up by experts and carefully moulded into rims and quality controlled and sold by a retailer with a warranty it's great.
When knocked out after hours with wonky brake tracks and voids in the mould, not so much.
In other words the exact grade of carbon fibre a frame or wheels is made of is much less important than who it is made by and exactly what they are doing with it.
Further reading
http://redkiteprayer.com/?p=7036
http://www.cervelo.com/en_us/news-blog/engineering/article/the-myth-of-modulus/2939/