Compared to an optical viewfinder the evf looks very different, with a limited dynamic range. Some would say crap.
But wait a moment! I got the chanse to shoot a beautiful sky at late afternoon when I tried to learn the A55 EVF to know -- using it for weeks, instead of a glimpse inside a shop. I shot with the A900 and A55 side by side.
With the EVF I could directly see how the exposure would be, pretty close to an out-of-the-camera jpg file. I was also able to directly adjust the exposure settings so that the sky was as bright as I wanted in the final images -- not too bright or too dark. With an OVF you don't have a clue if you don't check the exposure symbols, which can be a bit tricky to interpret for high contrast scenes like sunsets, or check the exposure on the camera screen afterwards.
Also, I could determine if one exposure was sufficient to keep the tonal range of the scene, or if I should go for bracketing and HDR developing.
Of cause the raw file has larger dynamic range than the EVF shows, but this difference is VERY easy to calculate visually. If you can't do this, there is a live view histogram available right in front of your eyes.
After using the A55 for about a week I got the chanse to shoot the sunset below, so I was pretty well used to the EVF. Photographing this sunset was an eye opener for how useful the EVF can be, and I immediately missed this option with my A900. In fact, looking into the non-responsive OVF was a bit frustrating!
My conclution: It is not how the EVF looks, but how you use it! And for high contrast scenes the EVF can be very useful.
Determining correct exposure with the EVF was a piece of cake. You get (almost) what you see. Not so with the A900 OVF:
You can take extreme control over exposure even for such an extreme scene with the EVF:
With the EVF I could visually adjust the brighness of the houses, and make a perfect exposed image just by looking into the viewfinder: