How do you all feel about powdered milk?

[youthere]

Given the high price of dairy I'm considering switching over...or at least mixing fresh milk 1/2 & 1/2 with dry. I'm a little trepiditous because when I was a kid we lived almost exclusively on dry milk and I hated it with a passion (and no matter WHAT my father said, it did NOT taste "just like fresh"!) I'm thinking if we mixed it 1/2 & 1/2 it may not be so bad. Dairy is the real killer on our grocery bill. We only let the kids drink milk at mealtimes and still we go through it like crazy.
I think I could probably cook with it, with no problems. I occasionally bake bread with it, and it helps give a great texture to it. What do you all think?