Heh, better than my first job. They just flat out never paid me. And my second job the coder's dad died, so he understandably disappeared from the scene to deal with that. I didn't get a paycheck til project 3.
I wouldn't really be wary per se. Having a negative attitude in the game industry will usually kill your chances at succeeding. Stay positive! But then again, never do anything off contract unless you're ready to have done it for free. And never ever badmouth a company publicly. I like dogmeat's discretion. Feel free to inform all your friends about scams and shady devs as a warning, but never rant in a public forum about a dev by name. That'll get you a rep for having a bad attitude and airing your dirty laundry, which is also pretty much career suicide.
By the way, I just got hired.

I've been freelancing on and off for almost 4 years, but I became a salary man last Tuesday officially by WayForward (my favorite handheld dev) as an animator/designer. Believe it or not it's my first non-freelance game art job ever. Joy!

- Adam