its better than its reputation and not easy at all to crack. Anyone who thinks you can just build up pressure and white/black will do nothing has not faced a good hippo player. the Hippo player has not 1 but 4 potential pawn thrusts he can throw at you at any minute as the position subtly changes depending on your formation reply of choice.
It is not as viable as it was during Spassky's days though as them more challenging forms of counterplay are well known. Esp, for white where an early h4-h5, attempting to provoke g5?! f4! is dangerous . We simply have a better idea on the best ways to challenge the sturdy formation, so i woudnt trust it beyond occasional surprise value
The GingerGM gave it a try, and won:
https://www.youtube.com/watch?v=7NYcdjJYkqY
GM vs. GM