I have a Mk4 CQ/T on my Bushmaster XM15 M4 type carbine (bottom). I've had it since December '04. I like it pretty well overall. The other rifle is a Bushmaster XM15 Varminter with a VX-III 4.5-14x40mm LR scope (top).
The CQ/T, as its name implies, is intended for close quarters use, and it works well for that purpose. In daylight, the unilluminated circle/dot reticle makes it fast on target at any reasonable range for defensive use. In dim light, the illuminated reticle works better, at least for me, than similar set up carbines I've tried with EOTEC's because the dot is somewhat larger. I haven't tried mine with night vision, but the CQ/T does have intensity settings that will work work with it.
With the CQ/T, when shooting from a bench at 100 yards with the right ammo, I can easily shoot 3 shot groups under 1" with the scope set at 3x. Try doing that with an EOTEC! Battery life is also very good.
The CQ/T does have some down sides. The eye relief is very short. It's not a problem with an AR in .223/5.56, since recoil is minimal, but it does limit your mounting positions. Don't expect varmint rifle accuracy either. The combination of the large center dot and the low magnification obscures a lot of your target at distances beyond 150 yards or so. Overall, however, I'd say it's a great scope for a defensive weapon.