Functional.
I've got a 106cm plasma TV, with MASSSSSSIVE lag. This product completely fixed it... but the picture looks pretty bad. Point is, it's wonderful for the price tag. If you just use your PS2 for bemani like I do, this is easily the best product for you.

Its EXCELENT~
w00t w00t

The best VGA Box for PS2
It´s simply the best VGA Box for Ps2. I´ve tried so many others and no one is easier to use. Maybe i miss more definition in the picture. But it´s really interesting if you dont have a TV on your room.

Its ok...
works nices, it is a bit dark like wahid mentioned. The one thing that really irritates me ALOT is that when say flashes of lighting in a game (like Xenosaga Ep1) the game flickers from a blue screen, back to the game, then back to the blue screen. then it situates itself. Then you actually see true rich color then and flicks and it dulls the colors.

The business
Picture quality is really nice, in both PAL and NTSC modes. Superb little box, its only fault being the VGA pass-through signal - the VGA cable supplied in the box for this purpose is just plain nasty, and with a really high quality VGA cable your PC display will still be slightly ghosted. But hey. I just plug it in as and when I use it. For £20...well...if you have a CRT monitor and a PS2, get this ;)