Well, no luck on the steelhead. I couldn't get my hands on any live sandshrimp, so I was using coon tails I bought at the sporting goods store, pickled in a bottle. I saw one or two jump when I first got there, but nary a nibble on that shrimp. However, my kids had lots of fun reeling in the trout with powerbait and eggs/worms. Both were about equally effective. We easily caught our limits and had a great time paddling around the lake.
On the catch and release topic, I agree that the amount of fish they stock in there couldn't survive if they weren't fished out. So long as folks are eating them, I think that's what ODFW has in mind when they plop 10,000 or so fish in there every year.
I still want me one of them steelhead though.