Not a fan, although the decline version with weights is the best kind. Tnation just had a pretty good article on core training that's worth a read. Normal situps and crunches just don't do a very good job of loading the abs. Abs and calves are primarily slow twitch muscles, so to really hit them well you need high resistance and lower reps, which is the opposite of what most do.
Currently training for raw competition.
Gym PR's at 242-
465, 345, 515, 1325