I have the saddle on all 3 of my bikes, bought one for the new Waterford that is still at the shop and I have an extra sitting on the shelf in case they discontinue it. Yep, love it for all the reasons you mention.

I actually ride with the nose of the saddle tilted up just a bit. When I'm down in the drops I'm supported by the ischial tuberosities in the back and the pubic bone on the front--the bone, not soft tissue. The wide cut out happily supports (or in this case doesn't support) the girlie bits.

It is an odd looking saddle (some would say one that only a happy owner could love), but I have yet to find a saddle that is wide enough for my sit bones and doesn't cramp, pinch or abuse the girlie bits (sorry, Brooks cult, I just am not convinced) and gives me 3-points of solid contact.

Some complain that the nose of the saddle is too wide. yes it is wider than many saddles, but, for me, it works.

My only complaint was that the lady strike is their low end. After about 3000 miles, the plastic base cracked and I had to replace it.

Oh, and if you like the idea of the SMP, check out Topeak's Allay. It doesn't have the concord nose (love that description, btw), but it looks intriguing--same "no support" zone in the center. I haven't found anyone that sells it, though.