Yup, I have yet to notice any significant battery drain from using Winterboard on both 3GS & iP4.
For me the the Battery Killers have been keeping Beejive & Twitterrific ruining in the background all day.
Other than that I have 3G, Wifi, Bluetooth, and Exchange pushed at all times, with Winterboard and battery life is good.
Same here. Beejive has been a battery killer for me.