I just bought this sandal after wearing out a very similar set (Hurricane-something, purchased for $40-ish at Famous Footwear) after wearing it almost exclusively over the course of 18 months, so I'll present my experience with the older set and describe the differences I see with these.
What I like about this sort of sandal is that it lacks the padding and arch support of the more expensive ones, making it very light and flexible. The solid heel provides much better resistance to ripping under lateral stress when compared to sandals with honeycombed heelstrike absorbers. The fully-synthetic construction allows it to dry quickly, but it still tends to develop odor and footcruft if worn without socks. With enough layers of wool hiking socks it can become arbitrarily warm and weather-resistant.
All the adjustments are velcro, but after 18 months I didn't see any sign of that beginning to fail. The sole does have a tendency to delaminate - the newer set seems as though it might be more robust in that regard. The only reason I'm replacing my old set is that I've wore through the outsole and most of the strap where it wraps around the bottom of the insole.
I used this sandal for walking, hiking, biking, and sitting around in an office. I wouldn't recommend running on pavement with them on account of the noise. And other issues. Why would you want to run on pavement anyway?