I bought the Hybrid/Touring Set $34.99 (#7006) from the website, and I have to say I was very impressed with planet bike. They accepted my transportation alternatives membership for free shipping, and they even called when I made a mistake on my shipping address.
The fenders came only 2 days after I placed the order (I live in Brooklyn). I was surprised how light the box was, and I didn't think the fenders would be as pliable as they are. I think it's a good idea because they are less likely to get permanently bent or break.
...now as for installation... well, I have to say up front that I have more of a road bike, it's a Specialized Sequoia Elite. The instructions wouldn't work because my brakes are threaded through the fork, so I would have had to remove them and it would have been a pain. I ended up taking them to the corner bike shop and they installed them, but it took them over an hour WTF?, but they only charged me $10, so I'm okay with it. The clearance is close, but everything ended up working fine. The reason I went with the hybrid set over the road bike set, which would have fit better on my bike, is that come snow season, which is right around the corner, I'm probably going to switch to 30's or 32's with some tread, and I wanted to make sure my fenders could accomodate them.
While I haven't tried them in the rain yet, on the way to work today I deliberately took as many puddles as I could. AWESOME! Was it worth $45? No doubt, I'd pay $75 for this feature. It'd be even less if you slap them on yourself. Well, thanks for hearing out my review, my impression is so good I would recommend them to anyone without fenders, or maybe even with heavier chrome ones (granted, the chrome does look way cooler, although the Freddies do come in like, 4 colors).
As part of my weather preparedness series, my next review will be the Gill Adrenaline breathable rainjacket, coming up next week.