The best use that I've found (and it was recommended by someone here) is to put your 1Password data file in your dropbox directory so that it's up to date on all your computers.
I wouldn't go so far as to say it sucks. It's rough, or spartan, but in a good (fastmail.fm) way. And fast. Lastpass on Chrome is the only password manager I've been able to live with, and I've tried a few.
I actually put my KeePass database in a public directory on my Dropbox. This lets me keep my password DB in sync not only across my desktop systems, but also the iPhone version of KeePass.