Hey Plantano,
I think your right on the money brother! I fly the jug all the time, heck I used to be in the 56th before I took a couple year break from AH. Tell Nomde, Frenchy and Sancho I says hey! I used fly under the name Avid back then.
The key with the jug is patience. You can't just go barreling in without good SA and an even better plan for an escape route. This is not very conducive to the Counter Strike, "Must have action immediately" mentality so prevalent in the MA's. I think it gets underutalized for just this reason. You need to take the time to get some alt, and in this ride that's more time then normal, and then pick your engagements wisely. Conserve your E and then bug out before you blow it all.
I feel another key factor in flying it is gunnery. Something I am just horrible at. You need to kill quick and bug out before you blow all your energy. I was always amazed at how fast Frenchy could dispatch a bad guy.
Lastly I think the other key to flying a Jug is that there's nothing more beautiful than a pair of them

Keep the bad guy in the middle and work those 16 50cals towards each other and you have a recipe for killin.
Big Mickey