Haven't used it, however, I have had a good look at one in a shop (I'm pretty sure its the same one). Basically Tracpac is Web-tex under a different name (also known as Thatchreed!). Their kit (expecially in the armed forces) has a reputation for being cheap but very very poor quality. I'm always suspicious of companies who manufacture exactly the same kit (type webtex basha, thatchreed basha or tracpac basha into google images and they all come up the same image) under 3 names ....... seems like they are just trying to fool people into buying crap kit.
Now, having said that the item I had a look at in the shop did seem to be ok. The fabric was akin to the old British army poncho material ....... which did make it quite heavy but had a good solid feel to it. Stitching seemed ok but as I said above there tends to be great variation in the quality with the web-trac-reed kit.
IMHO you'd be better off going direct to
Kathmandu Trekking and ordering one from them. They have a range of set sizes/weights but will also custom make so if you are looking for something specific they will try and make it for you. They are very well made (here in the UK!) and weigh about half (in some cases less than half) that of the wed-trac-reed basha and come in both olive green and DPM. As far as I recall
Bison Bushcraft get theirs made by the same company so you can have a look on their website to see them.
I hope that helps.