I got to try mine out last night here's the report.
The overnight low where I'm staying in the Texas Hill Country was forecast to be between 13 adn 16 degrees with sub zero windchills. I figured it would be a great time to try out my new UL 240 quilt. Not wanting to freeze my face of in the wind, I pitched a tent in the afternoon and went out to it about 11:30. I was wearing the following clothes
Legs – Nylon pants
Torso – T-shirt, thin kashmir wool sweater, midweight fleece (REI Spruce Jacket added later.
Head – Balaclava, knit wool cap
I put the quilt inside a bivy because I almost always sleep in a bivy (active sleeper.
My cheap little key chain thermametor said the low was about 18. I don't know if the tent kept things a bit warmer or the thermametor was a bit off. If felt like there was a good bit of airflow through the tent so I didn't think it was doing much for me besides blocking the wind.
After about 2 hours I was a bit cold, I cinched up the quilt a bit tighter and zipped up the bivy all the way. This kept me relatively warm for a bit longer than I got cold again. I put on my REI Spruce jacket (roughly equal to the old BPL Cacoon jackest for insulation). I was warm enough but not super warm.
I had felt a little funny when I went to bed but about 4 in the morning I started to feel positively sick. I figured that being out in the cold wasn't the best way to deal with a bug and I had work the next day so I went back to my cabin.
Bottom Line
The quilt was just barely warm enough at close to 15 degrees. It was safe but not comfortable. However I think two things would help make it warmer.
1. Considering that I called in sick today and spent most of the day sleeping off some kind of illness I probably wasn't at my strongest last night. If I was healthy I think I would have done better.
2. I did not have access to the kind of clothing I would take on a real backpackign trip with lows of 15. I would normally bring my down vest to layer under my REI jacket or replace both with a very puffy down jacket. Either one of these options would have been warmer than the clothing I actually wore which would have helped. Also I would probably have long john bottoms on a real backpacking trip this cold.
Overall I was pretty happy with the quilt. I think I can be comfortable down to aroudn 15 degrees with the right clothing and I'm confident I will be safe at an even lower temperature in a pinch.