I setup a small trial path around my house and it worked great, so I then sent it to circle my dad's house, which is a mile by the road, 2400' as the phantom flies, but with all the trees, there is no way I could keep signal. Got nervous, hit go, and waited. About 5 minutes later I started hearing a buzzing and there it was. Didn't have the waypoints right so it didn't point the camera correctly.
While it is amazing how well it works, there was a good bit of nervousness. I had it set to RTH at end of mission, and the last waypoint was right by my house as well - just being paranoid. Biggest concern would be if something catastrophic happened to the bird, or an actual bird attacked!