[quote name='bardockkun']Honestly, I know a n00bish question, but since I have nearly all fighters available on 360 how does it compare to the Tournament Edition stick?[/QUOTE]
Eh. Between this and the Fightstick TE is entirely a matter of preference. The TE's buttons are FAR more sensitive (you can't really rest your fingers on the buttons themselves without triggering em) though this is a feature many like. The seimitsu buttons are different in that they take a bit more effort / force / pressure before they trigger. (ie once they're pushed in is when they register.) The seimitsu stick is much the same way in that it offers more resistance, thus taking a little more force to move. It's also a question of which button layout you perfer. That of the TE or of the EX-SE.
If you're interested in the differences between sanwa and seimitsu, I'd highly recommend heading over to Shoryuken forums. It's pretty easy to find a thread there detailing the differences in use between the two brands.