Pits & Perils arrived on Wednesday, just in time for me to run a Pits & Perils game on Wednesday night. I actually didn't the rules for last Wednesday's session, but I will need them now. Having participated now in 4 sessions of Pits & Perils (3 as a player, one as a referee), I can say that I love the game. It is also working very well for our round robin GMing pilot program.
Hard on the heels of this purchase, I will be ordering a print version of Bloody Basic. I think I have settled on Bloody Basic as my rule set for my next Montporte Dungeon campaign.