Paige pretty much summed it up... I just wanted to add that I love mine. I put the 360's in as my two main sticks and have never regretted it.
A couple people said they would suck for fighting games, etc... but I haven't had any issues, and I love how smooth they are. I don't particularly like going back to the microswitch sticks now and try to stick with the 360's.
Any straight 8-way's that I put in cabs anymore will always be 360's.