For PlayStation 3 usage, it really depends on what kind of PS3 you own. If you own any model that is backwards compatible (meaning you can play PlayStation 2 games on your console), it’s a much smarter idea to use Toodles’ Cthulu board.
The biggest reason is that Mad Catz’s PCB inside of their FightSticks (both Standard and Tournament Editions) and even their FightPad are coded in such a way that they work only for PlayStation 3 games and not for anything backwards compatible. That is to say they act more like standard USB HID devices rather than an actual PS3 controller. Toodles’ Cthulu board I believe emulates the data signal of the Virtua Stick High Grade meaning that it is actually read as a licensed PS3 controller by the PS3. I won’t lie; I don’t know the technicalities behind the coding, and Toodles would probably bang his head against the wall if he saw my post. But, what is true is this:
If you want a stick exclusively for the PS3 that will at the same time allow you to play backwards compatible PS2 games, get a Cthulu board inside of a custom stick.
If you want a stick that just simply works for all the latest PS3 fighters and either don’t have or don’t care about backwards compatibility, get a Mad Catz PS3 FightStick.