Had mine done from Ultralase nearly 3 years ago and had no real probs so far. Was quite short sighted at -5.50 approximately. Used to wear contact lens all the time as I'm not the usual run-off-the-mill type nerd that most IT personnel are
It's near as perfect but every so often my eyes get tired and difficult to focus -- but then again I do spend approx. 12 hours a day on a PC or watching TV etc etc. Also your eyes will always be dry in the morning until you get up and wash your face, or force a couple of tears out.
I'd recommend not going for the cheapest option, instead go with a proven reputable surgery and also go for the latest technique (where they "map" the eye before lasering it).
It does hurt, but not like real pain, more like a numbing pain in the eyes for a day or so.
Definately recommended, made my life a lot easier.
Now I can wake up, see the clock, I can go out without worrying about lens or glasses, I can swim (not that i do), etc etc, all those things the girls in the panty-liner ads do!