XO installed last night, lots of relatively small bubbles but not what I would've called micro. Woke up and they were all gone.
I've got about a 1mm gap between the protector and the bottom of the phone, other than that I'm pretty pleased. I tend to shun screen protectors, but my DroidX got some pretty good dings in the glass so I decided to give it a go this time around.
So far so good.