Trippster413: I was looking at the Ping wedges and I am super interested in the spin aspect. Does it actually draw the ball back or does it just kill it?
I have different advanced wedges with similar parameters to those you mention, and based on that I'd say it just kills it.
Trippster413: Also, the forgiveness drops a ton. Is it like barely miss it and you're in another time zone or is it negligible?
I don't think it's ever negligible in these types of advanced clubs. In fact, I keep a Tour Starter wedge in my bag in addition to an advanced wedge, because the latter is so unforgiving. So, when there's a crucial shot I need to make, I prefer using the forgiving Tour Starter wedge, although it lacks precision & spin compared to the advanced wedge.