How is the Hori Fighting Stick V3? Worth $60?

So last month Hori released a new stick for PS3 and Xbox 360 for around $60. I’ve been looking for a stick for my PS3 for awhile now and this one is tempting because it’s not too expensive. The reason I’m creating this thread is to ask the people who own the PS3 stick. So is this a solid stick for $60?

When I first seen the price I thought the quality of the stick might be around the same quality of the Standard MadCatz stick that came out when Vanilla SF4 came out. I’ve heard a lot of negative things about that stick and stayed away from getting the PS3 version of that stick.If this Hori stick is solid, then I will most likely get it.

Any input about the Hori Fighting Stick V3 would be great.
Amazon Link To The Hori Fighting Stick V3

There are write-ups of like every stick you could think of in the sticky:

Just like Starcade said, hit the link for a good overview of the V3. That being said; I’d take a low-end Hori over a low-end MadCatz any day (except for a wireless Tekken stick :eek:).

Joystick is standard Hori, same as it’s been since Namco stick (i.e. good JLF clone). Change microswitches to Cherry for best feel IMHO.

Buttons are Hori standard, need mild soldering skills to replace.

Thread is here: NEW Hori Fighting Stick VX (360) & V3 (PS3) Thread