Works ok if you don't mind monochrome labels. The big advantage is that since the label is part of the media there is no risk of it degrading the disk and causing catastophic failure like the stick on labels can.
Catastophic failure = the label bubbles or is not applied evenly causing the disk to spin out of balance. Unbalanced disks spinning at very high RPM can disintegrate inside the drive trashing the drive (or entertainment center). This does not happen often but it only takes once. Check glued on labels periodically for signs of bubbling.