I haven't been in the swap for a couple years. When I was in, I was very fortunate to receive a couple top notch bows in a very timely manner. Not that that was my goal for being in - I just got lucky.
I quit jumping in because it seemed like each year it got strung out longer and longer waiting on people to ship. For me, it wasn't the fear of not getting a bow or getting a bow I wasn't pleased with, it was more the principal of some guys (certainly not the ones that built for me) not holding up their end of the deal. I just don't feel like dealing with that sort of stuff.
I would be up for a one-on-one swap/trade if somebody wanted to do it, but I don't know that I'll ever get in a big swap again.