This capture card is compact, easy to use and ready to use. That's a good price for the product (I bought it for $24.99). There are many identical capture cards out there for an even lower price, although I'm not sure of their quality. The only difference is a slight resizing and that they stamped it. It's much more flexible as you can connect it to any device with a USB port (including laptops). Latency is okay, but there's no option to connect an HDMI pass-through port if you're playing games (especially first-person shooters). So if you want to record games, you need to buy an HDMI splitter with this product.
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