When I say "A great headset", I mean a great headset compared to every other Xbox 360 headset. This has its flaws, but it's certainly better than buying the Xbox 360 wireless headset.
Why this is better than the wireless headset:
No charge times.
No stupid mic echoing.
It doesn't randomly cut out.
It's not uncomfortable.
It's a third of the price, and trust me, it'll last three times as long.
I'm not saying these things are perfect. They can break, yes, but only if you don't look after them. The main problem is the wire (specifically the bit that connects to the controller). This can become loose and you may experience problems with people not being able to hear you, or vice versa.
Try not to get the wire tangled, disconnect it from the controller once you're done using it, and leave it in a place where you know it won't be disrupted.
Definitely worth it for the cheap price.