I like Waldorf's art and foreign language programs, and it made it look really attractive at first. Then I found out that their science has rules of it's own that don't agree with what you'll find in modern textbooks (like it's own classifications for animals), technology is not only non-existent in the schools, it's actively discouraged, and reading is discouraged until children are between seven and nine. I also haven't been particularly impressed with the intellectual caliber of the graduates I've met. Generally, happy, well-spoken kids with atrocious basic math and written language skills.
I also have issues with some things I've read about participation in their own holidays which I find way to religious in nature for my taste, but it seems to vary from school to school.
I am still considering it for one of my children who is extremely sensitive and emotional because I'm hoping that all the art and language will help his life coping skills, but I would consider it his "social" education, while his "academic" education I would provide at home. And even then, I would only consider this because I'm a math geek and dad's a science and computer geek, and I feel comfortable in that we could provide what Waldorf lacks. Most homeschoolers weak spots are math and science.