I was just going to post a thread about this stuff and ask if anyone has used it when I saw your post. I was wondering if it could be painted and what it's overall texture is like.
I have sanded it with no problems and have leaned on it (on top of foam) with no cracking. They call it flex paste because when it dries it retains some flexibility. In other words it is not brittle. You can use any latex based commercially sold lite spackle and get up to 4 times the amount for the same price as WS.