ok, finally got around to putting my cab back together since i got the guns in.
thought i'd give some impressions, no fancy review though

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they do work quite well IMO. and are pretty accurate. you just have to remember to calibrate them to the edge of the game screen, *not* the edge of the TV. i have an old phillips 25" with only RCA in and behind smoked glass. no probs there.
the shape i could care less about as they feel good in your hand anyway. they were easy to set up and get 2 working in win98 with mame.
i have 1 complaint and 1 problem.
the gripe first, the cords are twice as heavy as the gun. i dont care that they are corded, but its as thick as coax cable and makes it significantly heavier. im considering cutting that off and using some thin speaker wire or something so my arm doesnt fall off.
and the big thing, they work well 2 player, but its quite apparent they interfere with each. with 2 ppl going at it, there is no doubt shots dont get registered when 1 and 2 are shot at practically the same time. and its irritating as hell. i havent done much looking into it, but i just dont see what could be done about it

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i would say they are absolutely great 1 player, but for 2ppl its kind of up in the air right now for me. and not for any reasons i might have expected, which really sux.
oh, and there is also the reload annoyance, but im still workin on that one....