Well I actually received it today, only two days later after ordering.
I am impressed enough with it. Works with TB CFWv2, and shows as TB 2.5 in system settings. Loads the PS3 faster I think, and works fine with all games.
Easy enough to update on the PC. There is a review here about it
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The only flaw in that review is about the updating the dongle - PS3 Break 2 V1.01.pkg
There is no package file in that download. I did it on the pc. Another flaw is that the dpinst_ia64.exe doesn't work on x64 bit systems. It says are you sure you have the right OS detected or something similiar. I contacted the PS3 Break team about it, but no answer as yet.
So what I did was just plug the dongle into my pc, and Windows 7 x64 detected it anyway as the proper "STM Device in DFU Mode” in Device Manager.
I then proceeded to update with no issues.
My take is its cheaper than the TB dongle, and it works, so as long as the PS3 Break team can keep up with updates ect, all should be good.
Not too advertise, but if anyone is wanting to order more than 30pcs, they could get them for $24 a piece. I know a supplier.