Let's get to what really matters: How is the skiing? My answer is, "Top-notch." I started out, after not having skied for the last four years, going down some of the serpentine green circle (easiest) runs. These were pleasant and very easy; the problem is that they corkscrew down the mountain and cross right in front of other steeper trails. You run the risk of running right into another skier.
After two runs, I went to some harder trails (blue squares) which were plentiful and then after I felt comfortable (I had never skied on parabolics before), I headed for the black diamonds. These runs were excellent with plenty of good bumps and absolutely no ice (I grew up skiing on the East coast). Those trail intersections that were annoying when I was on the easiest trails were now quite welcome as they give you a chance to recover in a flat and "non-mogully" area before taking on the next stretch of the hard run.
I stayed away from the Christmas tree run, where the skiers not only guide around moguls, but also must avoid pine trees. I did some "double-diamonds" and these were really quite extreme, but very challenging.
The famous "champagne powder" was not available for us to ski in, as the snow had come before we arrived in Steamboat Springs and had been groomed the night before.
The lifts and trails can be a bit confusing as things that look like they should link up on the trail map don't actually connect in reality. The best thing to do is to go down the mountain without a plan.
I recommend making lunch reservations at Hazie's (see journal entry) the day before and if you need rental equipment make a reservation at Steamboat Ski Rentals, (970-871-5346). Arrive early at the rental place (i.e., before the lifts start) to avoid the crowds of people fitting into boots and skis.