I originally had the mini media remote that came with the launch 360's, but it was outdated and didn't match the new appearance of the later models of the console. I opted for this new media remote and it's clearly a marked improvement.
The controls are good, it has quite a bit of functionality, albeit lacking the disk eject button of the original remotes (for the lazy!). I found it slightly difficult to get used to the layout of the buttons at first, not quite as you would expect, but it's a doddle once you do. I found it excellent for watching Netflix, Sky and streaming from USB/PC. The television controls work perfectly and are simple to set up (instructions included).
All in all, a great product, with the same Microsoft build quality we have seen of late. Especially worth £10.