I read reviews complaining about the state of the roads. I went there in Feb 2014, and the roads were good enough, I have seen worse in the north. The steepness of the roads made the trip fun as while coming back we were allowed to stand at the back side of the jeep.
As for the place, it was beautiful, I would highly recommend people to go there in the morning for the sunrise. The view is brilliant, and the treks are also nice.
All in all a must see when in Madikeri.