I've only been to Telluride once, but it was during the first week of January (2010). The blues were good*, but a lot of terrain opened up just days before we went there.
*Keep in mind this is coming from someone who lives at 700' elevation and who can see a cornfield out the window right now.
The Gold Hill chutes weren't open. Imperial bowl was, but there were lots of twigs and stuff sticking up through the thin snow cover. But you didn't ask about that stuff.
We flew into Montrose and used one of the shuttles - I think it was Telluride Express. The shuttle experience was fine.
All in all it was a great experience - enjoy!