It is a fun route. I would suggest that you top rope it for your safety, but it is good to boulder it, too. It is located next to the the 5.8 roof. It is about 25 feet high.
Protection
This is a highball problem. Need a lot of crash pads. Or you can top rope it if you want. There are two bolts at the top of the route.
You can boulder out the lower section of this and escape to the right either just after reaching the cat's eye (the obvious pocket about 10 feet up) or right after reaching the triangle hold (obvious 6 inch plus triangle just below roof around 15 feet). The route climbs left after the triangle on edges to the arete without using the roof, if you boulder this finish out you certainly are risking serious injury. The problem as described rates around V2+ (solid 5.11). I suggest trying to reach the cat's eye only using the two initial underclings and a highstep to the slopey dish. I've heard rumor (from Horsetooth Hang pamphlet) that the one or both of the edges between the underclings and the cat's eye have been chipped. If you use the previous eliminate suggestion and also make the triangular hold off then the problem is probably V3 (5.11+). I feel this problem rates more stars, nearly classic and surely worth two almost three IMHO.
One of the holds below the circular "cateye hold" is chipped. It is quite obvious if you look for it, with a rounded, beveled top and a flat bottom, and is normally avoided when doing the route in "good style", whatever that is. Thus, the Cateye has not been, and should not be, added to the chippers blacklist. But then again, neither should Big Egos ... since that problem was originally done without the chipped hold.
Underneath the wall there is a nice, (I would say) V1 traverse that moves from the right (sort of) dihedral to the overhang on the southwest corner. The crux pretty much consists of you dropping yourself into the huge jugs on the overhang. It helps to use the little chalked up hole that will be right next to your junk before you drop (that little thing? yes, that little thing). The problem is really balancy and helps beginning climbers learn that their feet is the most important skill in climbing. You can take this problem as far as you want but it gets pretty hard after the dihedral on the west face after the overhang.
This problem is SCARY to boulder. Just make sure you actually have a couple good pads and some even stouter spotters. The eliminate version of this climb which I've always adhered to starts on a high left undercling, right hand on non-beveled (read: natural) crimp, left foot in the slopey dish. Stand up and avoid the cateye. Yes, avoid the cateye and substitute a micro crimp with left hand. Find a way to match with right. From here, the feet are pretty nonexistent, so power or levitate straight up. I've always considered the triangle above to be on-route; if for no other reason than to give you a false sense of hope, but as always use your best judgment. Way harder than it appears. Give it a shot.
You can also pump in a few pieces of gear once you reach the roof, if you don't want to TR it but want the added secuirty of a rope. Stellar route in my opinion.