Eric,
As good as the best ribbons are, there is no such thing as the perfect transducer. There are always tradeoffs.
I've heard a few ribbon or quasi-ribbon speakers. Recently, this includes the GR Criterions and the Alpha's with the planar magnetics.
There are some things that the ribbons do extremely well, namely transient response. Some like the Criterions, even have fairly good dispersion.
However, when compared to a highend dome like the OW1 (implemented well btw), there are things the OW1 does that are still better. Sonic images are more fleshed out, and sound is more natural, and coloration is almost non-existant when comparred to the the best ribbons.
Ribbons are facinating, look cool, and are better in some respects, but after the initial awe subsides, they still have some drawbacks.