
My former flatmate and I joined in 2010, and had people sleep at our place twice with no problems at all, they were all cool people to meet and hang out with. I haven't surfed anyone else's couch yet, I guess I've never really needed to because I usually know people where I go anyway. There are fewer bad instances occuring with couchsurfers than you'd think, because the site stores your profile, verifies your physical address, and records who is going to stay where - you'd be pretty dumb to steal from a place when there's a website that saves your request to stay there!
The other aspect of Couchsurfers is the meetings, most major cities have a Couchsurfers group that get together every so often, both the 'hosts' living in the city and 'surfers' who are only in town at that time. Luxembourg has a really active community, people get together for drinks every week or so, and every week there are people organising hikes or trips or BBQs. I was a bit skeptical before I went to my first Couchsurfers meeting, but everyone there was really cool, almost everyone was a foreigner who had moved to Lux and used Couchsurfers to meet other open-minded and interesting people.
The Couchsurfing website is here.