Surprisingly robust, surprisingly worthwhile.
I got this stick along with Tekken 6 and SF4, and to play my other fighters with (and some old-school XBLA arcade games). Since it was pretty cheap, I wasn't expecting it to be all that, but I was pleasantly surprised, and have fond it to be a damned solid little stick. It does have a 4-way (square) guide, and while an 8-way (octagonal) guide would have been much better, for the price I can live with it.

Entry Level Arcade stick to get you started.
Hori is well know for making quality accessories and the Hori Fighting Stick EX2 is no exception. It's just plugs into your Xbox 360 usb and away you go. And if you want to chat the mic jack works fine with an Xbox 360 compatible headset. It works well with arcade games like Street Fighter IV, you just change the in game setting to arcade and it's time unleash a can of whop-arse. Yes it's not a heavy duty arcade stick but you get what you pay for. And this an excellent entry level arcade stick. Highly recommended. 4.5 of 5. Happy Gaming

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grate stick, is a very good arcade stick for begginers, hori are the best sticks

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for this price, this stick is very good. for casual players is perfect.

A decent arcade stick with one or two problems.
For this price, the Hori FS EX2 holds up fairly well given the price range of Hori's other units. The deck itself feels sturdy and solid, and feels right at home either on your lap, or standing firm on a table with its rubber feet. The buttons have a slightly soft feel to them, and actually activate somewhere near the middle of their travel instead of when they fully pressed down. This can cause some difficulties when trying to perform very fast commands, such as in Virtua Fighter 5. The control stick itself seems to sit in a square guide, meaning that there are no definite sitting points for up, down, left and right. The stick also has a fair amount of travel, which needs to be taken into consideration depending on the types of games you are going to be using it for.

For the gamer on a budget, a novice who is just getting started in games that require the precision of an arcade stick, or just people looking for value for money, the EX2 is an a stand-up unit despite its flaws. People who have more of an idea of what they want, such as those into competitive play in fighting games, may want to consider shopping for a more upmarket unit.