Summitted Crestone Peak and Needle today (didn't do traverse, summitted Crestone Peak first, then did the needle on the way back).
I was expecting a full on trail breaking adventure past the rainbow trail turnoff, but to my surprise there is some sort of heavy machinery track all the way to the old S. Colony Lakes trailhead. This saved me an hour or two of trail breaking. Still had to break trail beyond that point, until Broken Hand Pass, when I needed crampons to get up to the top. After that, back to snowshoes until reaching Red Gulley. Red Gulley was pretty good until the final 200'-300', then it became hard as ice, had to really be careful and rely on ice axe for security.
Photos (click for slideshow):