I did the race in 2002. I second the comments above. Race was great. Bike course is very difficult and technical and the run is definintely not flat. Until I did the Ultramax 1/2max this year, it was the hardest triathlon run I have ever done (but #2 ain't bad). If you want to do a 1/2 that will give you a taste of Kona heat & wind, this is it.
I would say that your bike has about a 50% chance of arriving with you. 900 racers, their bikes and families just can't get to a tiny island at the same time on prop jets. The earlier you get to St. Croix the better.
I stayed at Hotel on the Cay (
www.hotelonthecay.com) which is on a tiny island in Christiansted Harbor. The swim starts from their beach and is very convenient on race morning. It's not luxury accomodations, but it was nice. You have to take a little ferry boat to get to the hotel, about a 90sec ride.
I'll do the race again at some point.
Kyle Handley