When these sticks came out they looked like a good buy for fans of Amercan style arcade stuff (ie: bat handles, concave buttons, copious amounts of MDF). Unfortunately the components are some no-name garbage making the things kind of a rip off.
However, at this new price (what is it, half off maybe?) you can easily just replace the crappy Happ clone sticks and buttons with the genuine articles. Also, Hori don't make jack shit with a track ball in it.
So, it has its place, but for me personally, as shipped, the stuff is garbage. X Arcade lead the movement for proper arcade controllers in the US, but there is a reason they were completely blown out of the water by Hori and Madcatz as soon as they got into it for real. The only people who seem to stick up for X Arcade are MAME people...and MAME people, most of the time, are a bunch of middle aged button mashers who suck bad at video games and just want to have a box with everything in it.