Pros Inexpensive, and it works.
Cons you only need the USB dongle part. remote is useless
Summary I got the USBIRX3 from schmartz.com instead. It works just as well. The Nyko product comes with a cheap remote that you'll probably never use if you have a universal remote. The USBIRX3 looks better too. It sits flush with the PS3 instead of sticking out.