Product review (5 stars): Our dryer no longer sounds like Freddy Krueger is lurking in the shadows of our home
As the title says, it works as advertised. It's a direct replacement for the bad bearing. This can be done with one man, but a second set of hands to help hold the carriage bolt on the outside of the drum is helpful. 15-30 minute job if you're handy with tools at all. Make sure you have the tools necessary on hand to speed up the process. Watched a video (link provided by another reviewer) prior to starting and didn't have any issues.

Tools needed:

1) Phillips screw driver
2) 22mm extra thin walled deep socket (7/8" socket will work fine, that's what we used)
3) 5mm Allen wrench

All in all extremely satisfied. Our Fisher Paykel washer/dryer combo is right at six years old, but it sees a LOT of duty (I do laundry at least once a day, not including sheets, etc.) If I have to replace the bearing every 5-7 years I can live with that as we absolutely love the top load dryer.