I have gone on 2 hr. hikes in my Lake cycling shoes. When I mean hike, over rocks and on trails. I wouldn't be thrilled running far in them. They are stiff soled with a tiny amount of flex. I wear custom orthotics.

I have a slightly different shoe. This is a more recent model.
http://www.lakecycling.com/mx101w-p-131.html

I wear these shoes daily when I get off and onto bike to do stuff.