I used this predominantly in my NUFC save and ended up 5th, but didn't make EURO because some random mid-table team won one of the cups. For the most part, I really liked the flow of it and the build up in attacking.
I had some issues defending, especially against big teams away. Here's what my starting lineup was for most of the season:
Krul
Janmaat, Colocinni, Taylor, Haidiara
Gohkan Tore (Jan), Anita, Sissoko, Savitisky (Jan)
De Jong, Ayoze
Seemed at times I'd get beat on dumb corner goals, a few long balls (which I immediately adjusted in-game if it happened) and got stronger towards the end when I hired an assistant manager and let him handle OI (I also manage my own U21 team so, was saving myself some time with OI). It was a tough go on tough away games and sometimes I'd just get completely dominated. Be it down the flanks, in the midfield, whatever. My team wasn't all that strong, so I'm curious how it does during the second season.
Also, probably more a ME thing, but... boy I got tired of watching my attackers shoot directly at people. I'm making sure my young wingers/strikers are learning to place their shots.
I might tinker with an alt tactic in the same formation with a counter mentality for those tough road games. Overall though, I'm going to be bringing up and training my youth for this formation. I like it, overall.
Sorry, don't have any screenshots because I'm at the office.