So I went yesterday. I was impressed by how well it was organized and presented. I half expected it to be a large room with everything laid out in a flea market-esque way like bins and tables. But it was really well done. I didn't look through everything but noticed discounts from 15%-60%.
It meandered through different rooms. The resorts were in the first section and some had show deals on lift tix and/or packages. The Outerwear and gear areas were next, each in their own section. Towards the end there were a few more resorts and accessories like gloves and knit hats.
There was quality stuff; so even if it was last season's, it wasn't all crap.
Definitely worth checking out if you're looking for things like accessories or resort deals. If you're looking for specific hard goods, it might be hit or miss.
The staff was present, friendly, and all very helpful.