I bought this when I started geocaching. I wasn't sure I'd keep up with the hobby, but my GPS for the car was totally not up to the task. I didn't want to spend a lot of money, but didn't want to have to manually enter the coordinates. This one does the trick. It comes with a USB cable for easily downloading the caches. Battery life seems good. Since it runs on two standard AA batteries, it is easy to have replacements with the rest of your geocaching stuff. So far it has been quite accurate.
I do dislike the current trend in manufacturers not including proper handbooks with their products. Sure, I can look stuff up on the internet, but I certainly don't want to spend all my time at the computer. It would be nice to sit on the sofa in the evening and page through a proper handbook and learn new things about my gadget. This lack of a real handbook means I don't use this to its full potential.