I know of a couple people who have done it and it looks great. They've only had it under a year but it's holding up well and that's the route I'm going to go with mine. It was suggested to get the locking type and not the glue-down so you'll have a floating floor. Quarter-round on the edges for a good look if you're not great at cutting close to an edge. What I found at Lowe's to use will be 100% waterproof. One person even suggested to me to lay down a very thin layer of rubber, like you would put under a bathtub when installing one in a house. Lowe's sells that too in the plumbing section. Then put the flooring on top of that. Provides more insulation (sound/temp) and protects sub-floor against leaks if water makes it past the vinyl floor.