As it was made obvious by my original response to this thread, I did not fancy the cold water shave even if I was camping theres always readily available means to keeping water warm.
However, given that my electric died on me today, and it's my new house mates turn to top it up I thought I would try it.

So lathering up was quite easy, I did use my menthol'd oil to start me off though.
The wtg was just as good as hot water, and if your only intention was to look slightly better then this would have been enough.

But I carried on and went across the grain, not really a problem here.

So I get to the against the grain stage and again there wasn't really a problem, I did get one nick under the neck and have a bit of irritation, but I usually do even with hot water I challenge this by keeping a cooled face cloth against my skin for a few minutes just to take away the burn. Instead I just rinsed off with cold water a few times and I can still feel the burn slightly. But I do suspect that the shave is actually a little closer, at least on the cheeks.

Under the chin directly is still causing me problems hot or cold so I have to still work on that.

Anyway, I am very glad I did try it because now I know that even without hot water I can still get a decent shave. Which must mean my technique is pretty good, and I think it even went quicker than before. I think I was done in about 10-15 minutes.