Deck Stain?

I was wandering around the department store and saw a gallon can of "Storm Coat" deck,fence and siding stain. Says it is water repelant has uv prtection and mildew resistant. Anyone tried this type of finish before with good results?
My tear is going to be all wood on the exterior and light color shade. This stuff is tinted and is resonablly priced. Looks like a one step deal, is this too easy?
My tear is going to be all wood on the exterior and light color shade. This stuff is tinted and is resonablly priced. Looks like a one step deal, is this too easy?
