As said you lose quality but I generally find it to not be as bad as actually upsampling the image. (and before someone shouts genuine fractals, note that my teleconverter cost as much as that piece of software)
2x teleconverters are generally pushing it for any lens you mount it on but certainly 1.4x (I use) and 1.7x are widely used for giving a bit of extra reach to existing good lenses.
Also note that this is not one of the times to be brand proud. A quick google search will show that Kenko regardless of their poor other products make a fantastic teleconverter, and definitely a much higher bang for buck and far better supported product (Doesn't lose AF on any lens) then even Nikon's own. (no comment on Canon)
I suggest take the camera into a shop which sells them and have a play at the counter, let me know if you want example shots for a 1.4x and I'll go take some tomorrow.