I've made miles and miles of scarves out of Homespun using size N and P crochet hooks, and once even a size Q. I had very few problems with snagging for those size hooks, and the scarves came out gorgeous (and were quick to make, too)!! Also, the very first big knitting project I did was using Homespun (another scarf--imagine that!), and I used size 13 needles with no problems.
Big needles and loose tension are the key, and, yes, it works up beautifully!!
I know everyone has a preference based on experience, and you're certainly welcome to despise the stuff if you want to, but I've never had a bad experience with it--probably because I used such large hooks and needles.