So just a compare of the old vs new here. And if you do not know. The 4-Play was this adapter that lunched in 2015, it was the first all in one USB adapter for just about ever controller out there. As with everything like this there were pros and cons. Here were a few.
Cons
1) Price was high, the KS alone was insane, no one saw it funding...
2) Lag was a bit of an issue for same being its hit up to 16ms for some controllers.
3) New company jitters.
4) Asthmatics and name. Yup a lot of folk did not like the look, and didn't like the "4-play" aspect.
5) Limited cables at first
6) Later on, the lack of xinput
Pros
1) It actually worked with so damn many controllers.
2) If you planned to get that many adapters, then it was a huge savings.
3) HID, and worked with everything.
4) Supports everything, from rumble to pressure buttons, to mansards.
5) Active community, if you know, you know.
6) Cross platform, Just about ever OS could use it.
Old:

NEW:


Oh and all the cables still work, and the device uses the same USB as its all the same protocol. Just a faster USB.
There are a few other things worth a mention.
1) there is arcade inputs, Supergun, neogoe, D.I.Y options.
2) There is a Bridge add-on to make the input work on consoles atar-swtich2
3) Also a Blender and AIR add-on options that do other custom configs.