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Pros: Exactly what I asked for at an extremely competitive price.
Cons: Some other devices are USB 3.0 compliant. This one is 2.0, which makes it a somewhat dated component, but for the price point, what do you really expect?
Other Thoughts: My main concern with this device is lifetime. It's only got a 1 year warranty, and I've personally witnessed similar devices manufactured by HP that die within a few weeks of use from too much heat, so I'm paying close attention to how long this device lasts, and how hot it gets. It hasn't died yet, though, so I'm optimistic!