Not likely to find negatives posted on the manufacturer page, some other threads may help:

http://smith-wessonforum.com/s-w-smithing/364986-frog-lube-killed-my-guns.html

http://www.ar15.com/forums/t_3_7/621724_Frog_lube_and_long_term_storage_questions_.html

http://thefiringline.com/forums/showthread.php?t=533770

More so than some cold weather issues there's apparently an issue with it becoming sticky and or gummy if excess is not wiped off before being stored for a while. I use Seal 1 which is a later formulation and appears not to have these issues.