Product review (5 stars): Looks great.......significant improvement over the old unit
We bought this house over two years with an over the range microwave.  While the microwave placement was convenient, cooking underneath it was less than desirable.  The light was poor, the fan never worked well and the space was limited.

This hood is a nice replacement.  It does not have premium features but provides a premium-ish appearance.  The finish is nice and it is decently built.  Like many appliances today, it could be sturdier but is strong enough for the purpose.

Installation was simple.  I used the rear vent exhaust rather than the top vent.  This was a simple change to make and the instructions were clear enough.

The noise level is low enough to allow conversation.  While on high, the fan is loud directly underneath the hood.  However, one step back from the hood, conversation is easily heard.  The lights are extremely bright and provide more than enough light on the cooking surface.

In all, a good buy.  I'll provide more information in a few months.

Update: Feb 16 2013:

The halogen lights on this hood produce a significant amount of heat.  Even while cookings, the heat was noticeable.  I changed the bulbs to LED equivalents and there is an appreciable difference.

<a data-hook="product-link-linked" class="a-link-normal" href="/Triangle-Bulbs-55961-LED-6-watt-Dimmable-GU10-MR16-60-Degree-High-Power-Equivalent-Light-Bulb-Warm-White-6-Pack/dp/B00HG8ZC8E/ref=cm_cr_arp_d_rvw_txt?ie=UTF8">Triangle Bulbs 55961 LED 6-watt Dimmable GU10 MR16 60-Degree High Power Equivalent Light Bulb, Warm White, 6-Pack</a>

The light quality is a bright white rather than the warm incandescence.  However, the hood lights now match the under counter LED lights.

Update March 28, 2014: changed the link to the GU10 LED bulb.  Still like the hood.