My feeling is it is good stuff overall. If is gets wet, it is horrible. It will never dry out, rot everything it is in contact with. Absolute destruction if it gets wet.
A lot of boats have been taken out by wet foam. Since I posted what I did above, I talked to another guy, a GC, who said he had to remove a foam filled wall recently because of a leak. I haven't heard anything about the insurance companies not liking it, but it hasn't been a commonly used insulation in my area until the last 5 years or so, but it's still probably the least used method around here.
