Rode the South Foothills today with Danny for a couple hours (he decided it would be good to ride a bike in the dirt once or twice before racing 24hrs in Old Pueblo).
Anyhow, it's a bit wet. If you want to ride it, I would recommend heading out early in the day. Basically everything north facing was covered in snow at the beginning of our ride (with some ice patches) at 10:30, and by 12:00 it was getting muddy. It was shallow and wet mud, wasn't caking up on our tires, but enough snow melt to cause tire spray up into your sunglasses in some spots.
Definitely be wary of some ice patches.
Everything South facing was dry.