I have heard varying opinions on their edibility, from "poor man's lobster" to "don't go near it" (paraphrased due to this being a family-friendly forum). I have never had it, but I assume that 1) because its related to saltwater codfish, which are good eating, and 2) it spends most of its time in cold water, its gotta taste at least decent. Thoughts? Is some of the dislike due to the fact that they are ugly buggers?
Even eminent chartered accountants are known, in their capacity as fishermen, blissfully to ignore differences between seven and ten inches, half a pound and two pounds, three fish and a dozen fish. ~ William Sherwood Fox, Silken Lines and Silver Hooks, 1954