Last summer I hiked up Ben Nevis in a kilt and I would say to those who are crying and sobbing ( Steve ), a kilt as well made as Matt's will hold up wonderfully and come out of the hike richer for the experience.
So long as you don't plan on throwing yourself into ditches full of mud I don't see a problem.

That said, I would say the best style for hiking would be a Kingussie pleated kilt.
Why?
It has a centre box pleat and, in the ones I've seen, the knife pleats surrounding it all open towards the box pleat. The flat, outer part of the pleat faces away from it and it means a lot less snagging.
I loved the Kingussie pleated kilt I had and sorely wish I still had it to hike in.