My fishing partner and I usually see a bear 50% of the time in there (angling and non-angling adventures), and it's almost always a surprise encounter within close quarters. I can't stress this enough, don't go alone. Besides, some of the walks in are sketchy as well and it's good to know someone's there in case you fall and break something. We've fished it a few times in the last couple years and for us it's been a disappointment. Perhaps some of it has to do with angler skill but for the most part the cutty fishing is slow, if non-existant (yes, we both got skunked one day) and all of the bulls are seasoned and usually uninterested in anything we have to offer. We don't normally mind poor fishing, but when you each have to pay $20/day on top of a regular license it's hard not to come away somewhat bitter.
I suggest you check it out in any case, it's probably one of the most beautiful spots around, just don't go with any expectations, because if you do you may find the rumors to be grossly over exaggerated.