Well im Florida, it'd probably be pretty difficult to give it a go! lol
But for us in the north that love to fish, its just another way we can fish when the lakes mostly seen as "unfishable".
One thing, though... i WONT ice fish unless i have all my gear. I need my shanty to block the light and wind, a heater to make the inside of the shanty warm enough to fish naked (not that ive done it! lol) and a comfy chair to sit in along with a radio. Its actually a pretty neat thing once you're out there with all the gear.
Another cool thing about it is that for most of the winter, the waters crystal clear. You usually spend the entire time looking down the hole to see the fish near the bottom swimming around your bait. It gets pretty exciting!