I've been playing video games for almost all of my 30 years of existence. This obsession started in arcades, and even now, I spend a significant amount of time both playing and creating arcade-style games for my Xbox 360. Street Fighter 4, Tekken 6: Bloodline Rebellion, Mushihime-sama Futari, Raiden Fighters Aces, BlazBlue, etc. Can't wait for Espgaluda II. All of these games have something in common (besides being awesome): they suck on the 360 controller's terrible D-Pad, and they demand the precision of digital control.
I'd been using the Hori Fighting Stick EX2 for two years to play these sorts of games (even Pac-Man was terrible without a joystick!). But when one of the buttons busted during Marvel vs. Capcom 2, I learned that while adequate for the job, that stick was just not built to last. When a friend attempted to repair the EX2, the way that stick was put together made the repair extremely difficult, and he wasn't able to pull it off.
I took the plunge on the HRAP EX-SE and I will never look back. Playing Futari with this stick is one of the most intense, engrossing and unforgettable experiences I will ever have while video gaming. For fighters, the stick almost felt too sensitive as first, because I was used to lesser products. I gave it a few hours and a lighter touch, and now it feels perfect.
Playing with this stick is the most natural thing imaginable; it feels like an extension of yourself. There is nothing between you and your character, nothing holding you back. You will be able to play shmups to the best of your abilities. Need to quickly move one or two pixels diagonally to avoid something? Piece of cake...if you think it, it happens. In fighting games, once you learn a move or combo properly, you'll be able to pull it off every time, unless YOU mess it up (or online lag does). You won't ever blame your controller for a botched combo again.
The stick is heavy and sturdy, so you won't have to worry about it moving around. It works with PCs and Macs just as well as it does with the 360. And, if at some point the stick or a button dies, you will be able to easily replace the dead part because that's the way this stick was constructed.
To sum up: if you play these kinds of games seriously, and you own an Xbox 360, and you are willing to spend the money, you should buy this stick. Amazon's got the best price on it that I know of, as well. Are there better sticks out there? Is the SFIV TE stick better? Now that I own this, I honestly don't know, but it makes no difference to me. I got better than what I wanted--or even imagined--with the HRAP EX-SE. If you take the plunge also, you will not be disappointed.