
I also have the 4" DC4 version of this stone.  I think your description is right on.  I have found it a very handy stone.  The ceramic side has a bit of a "sawn" pattern in it that at first I thought odd, but it seems to work quite well.  
Worth the coin I think.
Mears nails it down on a log to use...I found that a bit amusing.  I use the sticky mesh stuff to keep it in place on a flat surface, that or bringing the stone to the blade works for me.