I just occasionally dabble in some Omaha as a change of pace from limit holdem, so I was playing this hand. I'll share my thought process at each street.

------HAND 191------
Game #1725648123: Omaha PL ($0.50/$1) - 2006/03/02 - 00:34:48 (UK)
Table "Maplewood" Seat 6 is the button.
Seat 1: spanner1 ($288.73 in chips)
Seat 2: schizoII ($94.50 in chips)
Seat 3: Gamblar17 ($24.67 in chips)
Seat 4: Bumsen42 ($32 in chips)
Seat 5: Tavare ($98.50 in chips)
Seat 6: Fluffy001 ($83 in chips)
Seat 8: Dontmess ($102.64 in chips)
Seat 9: Xxedub ($134.50 in chips)
Seat 10: Storm7 ($102.25 in chips)
Dontmess: posts small blind $0.50
Xxedub: posts big blind $1
Gamblar17: posts big blind $1
----- HOLE CARDS -----
dealt to Dontmess [5s Tc Ad As]
Storm7: calls $1
spanner1: raises to $5.50
schizoII: folds
Gamblar17: folds
Bumsen42: folds
Tavare: folds
Fluffy001: calls $5.50
Dontmess: calls $5
Xxedub: folds
Storm7: folds

Maybe I should've folded here? I figure one of the Aces is suited, and I'm so use to not folding AA. With the PFR I figure he probably has AA too or another high pair, I think I'm OK seeing a flop.

----- FLOP ----- [4h 7d Ts]
Dontmess: checks
spanner1: bets $19.50
Fluffy001: folds
Fluffy001 sits out
Fluffy001 sits back
Dontmess: raises to $78
spanner1: calls $58.50

Well, that's a pretty harmless looking flop. I'm thinking he can't have me beat right now, at worst its a split. I checkraise thinking I have the best hand and maybe he'll fold his AA, and if he calls I think the worst case is a split, and I did pair my 10 so that's a few more outs there.
----- TURN ----- [4h 7d Ts][4s]
Dontmess: bets $19.14 and is all-in
spanner1: calls $19.14

I wasn't gonna fold anyway, but a flush draw now too makes it pretty sweet. If he has a 4... well I guess it happens.
----- RIVER ----- [4h 7d Ts 4s][6d]

Looks like a good river

----- SHOW DOWN -----
Dontmess: shows [5s Tc Ad As] (Two Pairs, Aces and Fours, Ten high)
spanner1: shows [Th Ks 6h Kh] (Two Pairs, Kings and Fours, Ten high)
Dontmess collects $210.78 from Main pot

WOOHOO!!!! I <3 Crypto Omaha.
----- SUMMARY -----
Total pot $213.78 Main pot $210.78 Rake $3
Board [4h 7d Ts 4s 6d]
Seat 1: spanner1 showed [Th Ks 6h Kh] and lost
Seat 2: schizoII folded before Flop (didn't bet)
Seat 3: Gamblar17 (big blind) folded before Flop (didn't bet)
Seat 4: Bumsen42 folded before Flop (didn't bet)
Seat 5: Tavare folded before Flop (didn't bet)
Seat 6: Fluffy001 (button) folded on the Flop
Seat 8: Dontmess (small blind) showed [5s Tc Ad As] and won ($210.78) with Two Pairs, Aces and Fours, Ten high
Seat 9: Xxedub (big blind) folded before Flop (didn't bet)
Seat 10: Storm7 folded before Flop (didn't bet)

i've used this play quite well when i get a read on someone that they raise big pair hands so he's likely to have KK and such and with some fold equity too. As monk says, high variance but a good play if you trust your read and its good to mix up your game a bit. If they only see you raising sets and such, it would be harder to get action.

Thanks for the help guys, I don't play PLO or 8 much so the variance aint too big a deal, though I wish I'd hit something tonite at the PLO200 Cryptos, some dude donated probably about $850 there for the 30 hands I had with him, and since one dude had a 10x buyin stack and another a 5x, I'm guessing he threw a bunch away before that.