I bought this because I liked the colour, the size and the two "eyes" which show you that you have pushed the paper to the back of the punch in a straight line. At the price, this seemed ideal.
At first I was very pleased with this. However,the hinge mechanism on the hole punch came loose after about 8 months and I had to return it for a refund (thanks to Amazon for processing this so quickly). It seems that this is a very light duty hole punch. My advice would be to spend a bit more money on something a bit more heavy duty, otherwise you'll be replacing this sooner than you think. A good hole punch should last about 10-15 years, not less than 10 months.
As for the "eyes", they are a bit of a gimmick, I found them to be a bit useful, but my next hole punch will not have "eyes", which means that they are not the sort of feature which is so useful that once you've tried it you can't live without it.