Bought this (actually two, for me and my son) out of curioisity, to be used at home. For live use I have a Line6 Relay G30.
The good: Very affordable, works as it should, easy setup
The bad: Very noisy. Adds a considerable amount of hiss in the signal. A noise gate will fix this, but I would never use this live.
Conclusion: Good for home, maybe band practice, not for live use. Does it's job, but I would not buy again. I'd pile up some more money and get something a bit more expensive.