In a nutshell, it doesn’t totally suck.
This tastes more like bacon than the first bacon flavor they carried. The color is more of a dark amber than the opaque brown of the first one. You can still taste the smokiness in it, but it’s not like vaping liquid smoke any more. I guess it must be hard to simulate the salty flavor of bacon without it causing harm to atomizers, because that is what this version of the flavoring is lacking.

I added this flavoring, about 5 drops, to a 16ml batch of waffle and it’s not bad. It sort of tones down the sweetness and gives it some balance.

Recommendation: Worth buying a small bottle and trying it.