I didn't have the same problems as the bottom reviewer had. I too used the Clean&Clear dual action and decided to try the cheaper Target version. Well, the smell isn't GREAT--it's like an inferior version of the Clean&Clear smell. But I didn't notice the smell once it was on my skin.
The product is the same liquidy consistency of C&C, so you would expect it to feel the same on your face. That said, it does moisturize adequately (for me anyway) leaving no dry flakies, even in the driest spots. The biggest problem is that my face feels really tight after the product sinks in--like I've applied glue on my face instead of moisturizer. But for some reason my face, when my fingers touch it, feels very moisturized? This is a weird product.
In any case, I would recommend a separate eye cream--this is not at all adequate for the under eye area (as C&C isn't either, I think). Like C&C, it's not heavy, and for dry skin, I would recommend a heavier moisturizer.
I love Target, but . . . I would recommend you splurge the two extra bucks for the C&C.
(I don't have any news on its "dual action" acne fighting qualities as I just bought it. If I recognize anything out of the ordinary, and I remember to do so, I will edit!!)