This thread has actually been pretty helpful for me. I've been considering getting some clipless pedals as of late and have had the hardest time trying to figure out what I want to go with. I was thinking about those Click'R pedals and shoes from Shimano but after reading about limited float and problems with knees and SPD cleats I started looking into Speedplays due to things mentioned in this and other threads recently.

Right now I'm thinking I want to go with Frogs because I like the idea of the recessed cleat for walkability and whatnot. My LBS sells Giro shoes and recommended the Privateer HV for me but warned me that Speedplay pedals might not be compatible. So I checked out the compatibility chart for the Frogs and under the MTB shoe list it has the Giro brand listed and no mention of any Giro shoes under their excepted/incompatible list....so would it be safe to assume that the Privateer HV would be good to go with the Frogs?