Out of state tags are spendy, but the elk are around. IF you're in shape and ready to put miles on your boots and really work for it, you'll likely get into them just fine. They move a LOT and the country you'll hunt is demanding and at high elevation for most folks. The only similarity to stand whitetail hunting is that you have a gun.
Shouldn't be a problem drawing the tags. From the DOW website you can download harvest statistics, herd sizes, all kinds of good stuff to pick a GMU you have good odds in. Most of the hunting pressure here is for trophy racks, so cow tags are comparitively easy draws from what I hear (I've gotten my first preference four tags running now, with no prefernce points accumulated). Even around here, where CWD is at "critical" levels, it's under 6% prevalence. I'd say go for it! Worst thing that'll happen is you spend a week in stunning terrain doing a different kind of hunt than you're used to.
And elk simply rocks to eat!
Bees, brews and fun
in Lyons, CO