Yup it works great.
Answers to Dmod's questions..
1) No extra adhesive, just peel and stick..then iron
2) I made relief cuts on the corners, plus the iron will smooth everything down
3) All the way to the back I suppose.
4) You could probably do it with a full-size iron, using the tip for most of it. A covering iron probably costs around $20 though.
BTW the Woody cabinet side is less than 24" wide so the parts express stuff worked without a seam.
If you've got a cabinet side wider than that you could go with Happ's Pica vinyl, it comes in a 48" width.
Of course it's a lot more expensive, but also a little nicer quality as well.