Finally decided to get one of those Sega SLS pads and received it recently.
After a bit of testing through various emulators and PC games I am very pleased by it
I am normally a keyboard adept, but it is always bothering to have some key ghosting issues in some fighting games and other games needing to have several different keys pressed at once.
It may look a bit cheap at first eye contact but it feels great when handled and responsive at will.
The only fault I could find would be that it is relatively small so people with very large hands could feel a bit uncomfortable (depending on how you hold a gamepad). However, if you have regular hands it should not be an issue.
Regarding s2325 remark on micro-switched triggers, I'll add they are more or less like the DS lite ones. It might seem a bit weird initially but it does not pose any problem (at least for me).