Do you just dip in a bucket or do you have to have a separate system running for a few days like Interceptor?

Just in a bucket or tupperware type container. You only dip for 10-15 minutes. I like to have 2 tupperware containers - one with the solution and one of just tank water so after I dip the coral I put it into the container of just tank water for about 5 minutes and swish it around a bit and then put it in the tank.

Edit - It is supposed to kill flatworms but I have never recieved a coral with flatworms nor (knock furiously on wooden head) had them in any of my systems so cannot vouch for this.

Ruth,

Does it affect coral coloration or anything physical that you can see? Does it incite the coral to produce extra "slime"?

As far as I can see it does not effect color at all.
It's a bit harder to say on the slime though because I have noticed that some corals seem to slime and some don't. Living where I do just about all of my SPS have been shipped so they are somewhat stressed already. If I had to hazard a guess I would say that the dip does not seem to cause the corals to slime more than they would have anyway just given the stress of shipping and being introduced to a new system. I have been using the dip on all my new corals that I have introduced in the last 6 months or so. I will try and post a picture in the next couple of days of my SPS tank so that you can see the colors. Most, if not all, have colored up nicely in about a month or less. HTH

That definitely does help.

I think I'm going to change my regiment for adding new coral to my tank. Obviously Interceptor isn't a catch-all and my vet is starting to get annoyed with my regular requests to replenish my supply. I am leaning mostly towards Tropic Marin Pro-Coral Cure, but I also want to research Greg's suggestion of Warner Research's Reefpure further until I am sure I can make an informed decision.

Just for the sake of knowing, does anyone freshwater dip? Benefits? Drawbacks?

Catherine - as promised here is a (rather bad) picture of my SPS tank taken today. Just about all of these corals have been "dipped" using the Tropic Marin dip.
http://i43.photobucket.com/albums/e3...lltank0407.jpg

Wow!

I did just pick up some Tropic Marine Coral Cure from Reefwerkz tonight, and will be trying it out shortly!