I have had a "nice" soldering iron for years, the one with the metal coil base attached to an adjustable "thermostat" (for lack of proper term). I use this all the time, I also did get a cold heat soldering iron for Christmas.
I have to say that the cold heat iron is fine, but only if you are doing one or two things. It is definately not an iron that you want to do large projects with. Large projects go with a "real" soldering iron. If you need to do 1 joint every now and then, I think it is ok.