I have tried the Pelican fan stand, but the fan is weak and not as effective, plus it steals power from the 360, and results in crashes. I've never tried the Nyko intercooler, but it has terrible reviews due to the same issue of it stealing power from the 360 and causing huge damage to the sytems. But this Intec XBOX 360 Glow Stand with Fan is amazing and stands out because it DRAWS ITS OWN POWER FROM AN OUTLET, NOT THE 360.
First, it has two fans with its own power adapter you plug into an outlet, whereas other third party cooling solutions plug directly into the 360 and steal power. This allows the stand to have even more power and is able to support the 2 powerful fans unlike the flimsy little pinwheel in the Pelican fan stand. This also means that it is completely independent from your console and will not cause it to have problems in any way due to power shortage.
Second, the cooling is amazing. It feels like an air conditioner almost rather than a fan. The two fans are extremely powerful, thanks to having unlimited power from an outlet. It can blow a heck of a lot of wind into your console. It's a little loud, but no more than your 360.
Third, the lights look awesome. It produces a nice glow effect around your 360 with a greenish-turquoise color that adds to your 360's look. The light runs up the sides giving it an awesome beacon-like look.
It also comes with two pockets for memory cards.
If you want, since it is my preference, I like to put my console in horizontal position. The horizontal position is better than vertical because there is less risk of damaging your disc drive or your game discs. I know this stand was designed for a vertical position, but if you find a wired shelf or wired elevation of some kind (you can get them at Target for five bucks), you can stick the stand through the spaces between the wires (or clip an opening) and support your 360 in the horizontal position. This elevation on a wired shelf will allow your 360 to circulate air better, because it is not in contact with any surfaces that will block it. Doing this in conjunction with the glow stand will leave your system COLD!
In summary, it is the best cooling solution yet.