To elaborate on KDeveloper's answer, it's not inherently type-safe. With casting, there is no guarantee that what you are casting from and casting to will match, and if that occurs, you will get a runtime exception, which is always a bad thing.
With specific regards to C#, because it includes the is and as operators, you have the opportunity to (for the most part) make the determination as to whether or not a cast would succeed. Because of this, you should take the appropriate steps to determine whether or not the operation would succeed and proceed appropriately.
