It's great for first person shooters. I got the full versions Doom, Doom 2, Duke 3D, Rise of the Triad, and Quake 2 patched in from my Steam library and haven't stopped since it arrived. Mostly Quake 2.
One issue that I worked around was the "Computer Update" on Quake 2 that requires you to hit F1 and get mission info. If you don't acknowledge it there will be a flashing computer icon at the bottom the whole game. Couldn't figure out how to work in a button for that so I opened the pak0.pak file, found the image "i_help.pcx", and cleared it out with pure white, which comes up transparent in game. Then slapped that pak into the OPK and never saw it again. Which brings me to another great thing about the GCW-Zero; modifying, packaging, and transferring files is so easy, especially with FTP.
[update] Vato says when he used GIMP2 the color was #9f5b53 and not pure white for transparent.
Also, I like how customizable the controls are. Here's the control scheme I've been using:
B and A are swapped out for different functions between games, like Run and Open for Doom and ROTT.
I can't wait to play some original Quake. Anyone got a link to the project page or thread?