I have this stick, and I must say it's A VERY GOOD STICK especially for the price. It doesn't feel as fluid as the TE stick, but I don't find myself performing moves any better using the TE over this. Hori makes great sticks, and I definitely recommend the FS3 for casuals and serious fighting gamers alike (especially for under $40).
p.s. I heard this stick isn't very mod friendly, so you'd have to do a little more work if you want to mod it. Also, the stick is about 2/3 the size of a TE, and about 4 pounds. Very durable and usable (I mashed on it for hours straight and it still performs as good as new). Also, the turbo on this stick is superior compared to TE (1/60 over TE's 1/20), if you want to cheat online by using turbo (you will never miss a link combo even with lag) then get this over the TE because the TE's turbo isn't fast enough to link without fail. Just remember that you'll stay a noob forever if you use turbo, but the choice is there.