Well, it's going to hurt when you get stabbed, maybe a little, maybe a lot, depends on the individual. You might not bleed much at all, you might bleed like mad, again everyone is different.
You complete the initial healing in about a week or two, full healing anywhere from 4 weeks to 3 months. Pissing for a bit can be a bitch, or business as usual, the whole individual thing again.
You *will* almost pass out from orgasmic bliss the first time you cum with it. You aren't supposed to play with it for two weeks, I lasted 3 days. It will be tender for 6 weeks to 6 months, stretching it helps, so does not abusing it.
The big caveat with this piercing, is with enough time, and stretching, it becomes a permanent hole that wont close without help.
Be a little more specific?