Tried it, hated it. Tried a bunch of different papers, finally found vellum, which works very well for me. It's easy to print on, I can see through it, and it tears away easily, especially if you iron it. Ironing seems to make it kind of brittle.
Having said that, I will also say that I no longer sew through the paper. I use the folding technique where you fold on the sewing line and stitch right next to it. Since the vellum is semi-opaque, I can see the line and exactly where I'm folding. I use a dab of glue stick to hold the paper to the fabric.