I use these all the time in my job as a university theatre technician and in my freelance life as a gigging musician and sound engineer.
The main attraction, it has to be said, is the price. I can get three for the price of the nearest competitor, and the quality is pretty consistent with those competitors. I have had one problem with the old version of this product - the xlr out came loose from the box. However sound wise it still worked and I was able to patch it up and keep using it. Since then, they have changed the design of these and I have not had any problems since. Never really worked out what the instr/spkr button does. Wouldn't fancy trying a speaker load on this - surely this could fry your valve amp? I guess you could use the link out into your cab, but don't take my word for it! I tend to use it as a mute switch, which in itself is quite useful.
I like the fact that these are small too - I keep one in the car and one in my guitar case always. Even if you prefer expensive DIs - you can't lose having one of these as a backup.