I just bought one for $109 (shipped). It's working perfectly. I'm using my wireless xbox 360 controller on the PS3 to play Demon's Souls. There's no problem with deadzone or lag. No problems at all. This adapter also lets you switch buttons. I switched the L1 & L2 and R1 & R2. Now I can do my primary sword swinging attack with R1 (RT) instead of R2 (RB).