I bought this for my son roughly a month ago. He is an 02 and first year Squirt. The pads offered great protection in all the key areas, shoulders, arms, spine and ribs that were critical to me. They are lightweight considering all the padding. The adjustable 3 piece arm is very cool and does allow you to lengthen the lowest pad on the arm to go over the upper part of the elbow pad - thus eliminating any gaps. The chest protector is thick but not bulky however it does not seem as thick as the S19 shoulder pads.
The only gripes I had were the somewhat bulky shoulder caps (meaning front to back) but maybe that will required some getting used to and the cost. As a parent, hockey equipment is expensive enough but some cost reduction would always be welcomed.