[quote name='Eldredpe']Correct me if I'm wrong, but with the placement of the LB and RB buttons on this, it's virtually useless for SSFIV, right?[/QUOTE]
Maybe it's just me and the people I know, but we actually prefer only 6 buttons. I wouldn't go so far as to say that "real" players don't use the 3P or 3K buttons, but I almost never see anyone use it. As for SSFIV, you can go into settings and choose Arcade stick instead of controller, the buttons will be mapped correctly; it's literally changing one option. The Madcatz use the same button configuration as the controller so you don't have to change anything.
I have this joystick (modified), it's PS3 sibling, and the Madcatz SE (modified). Unmodified, I would go definitely get this joystick. If you plan on modding, then Madcatz SE is super easy...I wouldn't even calling modding...more like swapping. For someone who plays a bit rougher or just plays more, I could only recommend the Madcatz TE since it's much more durable.