I've used one since December of 2004.

For the price I cannot think of a radio that comes even close.
Positive points:
-Very sensitive on all bands.
-Dual filters do a good job of minimizing splatter on AM.
-A tuning knob makes band scanning a breeze.
-Does a good job on ssb signals and stable enough to allow tuning
around without retuning.
-Lots of memory channels.
-Stereo FM through headphones sounds good on this set.
-Direct frequency entry.
-Audio from the speaker is amazingly good considering it's size.

Negative points:

-Images abound as you would expect on a radio at this price. Not a big
deal, just be aware that Radio Havana doesn't broadcast on 5100 khz.

-S Meter is disabled on FM for some reason...not a big deal.

-An unfortunate method of numbering memory channels restricts the
usefulness of 268 memories. For some reason Degen chose to use
hexadecimal (base 16) numbering which adds several levels of complexity
to organizing and using memories. Compounding that is a bug in the
firmware that retunes the AM frequency when an FM frequency is
retrieved from memory.

Analog shortwave dial has some retro visual appeal but the space could
have been used for something else.