This line is recommended by Richard Palliser in "Play 1.d4!" and is very difficult to face.  To see how he fares when faced with his own recommendations, here is a recent game with Richard playing Black  

[Event "4NCL/Div1/WAR-BARB1"]
[Site "Rd06-Telford"]
[Date "2004.03.21"]
[Round "6.3"]
[White "Wu, Li"]
[Black "Palliser, Richard J"]
[Result "0-1"]
[ECO "A70"]
[WhiteElo "2167"]
[BlackElo "2399"]
[PlyCount "118"]
[EventDate "2004.03.21"]

1. d4 Nf6 2. c4 e6 3. Nc3 c5 4. d5 exd5 5. cxd5 d6 6. Nf3 g6 7. Bf4 a6 8. e4 b5
9. Bd3 Bg4 10. O-O Bg7 11. Bxd6 Qxd6 12. e5 Qd8 13. exf6 Bxf6 14. Re1+ Kf8 15.
h3 Bc8 16. Ne4 Bb7 17. Nxf6 Qxf6 18. Be4 Kg7 19. Qd2 Re8 20. Rad1 Nd7 21. Ng5
Nb6 22. b3 Rad8 23. d6 Bc8 24. Nf3 Re6 25. Qc2 c4 26. bxc4 Nxc4 27. Bd5 Rexd6
28. Bxc4 Rxd1 29. Rxd1 Rxd1+ 30. Qxd1 bxc4 31. Nd2 Qd4 32. Qc1 Be6 33. Nb1 h6
34. Nc3 g5 35. Ne2 Qd3 36. Nc3 Kg6 37. Qe1 Qd4 38. Qc1 Qd3 39. Qe1 Qd4 40. Qc1
f5 41. Qa3 Kf7 42. Qb2 Kg7 43. Qa3 Bf7 44. Qc1 f4 45. Qe1 h5 46. Qc1 Qe5 47.
Qd2 g4 48. hxg4 hxg4 49. Ne2 g3 50. fxg3 Qe3+ 51. Qxe3 fxe3 52. Nd4 Bg6 53. Kf1
Bd3+ 54. Ke1 Kf6 55. g4 Ke5 56. Nf3+ Kf4 57. g5 c3 58. Kd1 e2+ 59. Kc1 Ke3 0-1