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I've had this puppy about a year now, and honestly it's one of the best tool investments I've made. I honestly can't compare it to the Dewalts, or Makita level tools. But for homeower remodeling use, take it to the junkyard type of use, it can't be beat considering the price difference compared to the top level tools. Let's face it if your a contractor, then you need to spend the extra money, but for a homeower it's a great value.
Will the top level stuff put out more torque, and last longer on a charge. I'm sure they do, but this thing does just fine, and is a big improvement over using a drill/driver for most driving jobs.
I've used it for drywall, attaching studs, driving lags (does have it's limits though) the aforementioned junkyard trips (for small items beats screwdrivers), etc.
Good tool for the price, and if I kill it, for 60 bucks I'd get another.
Now if they only came out with an impact wrench
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Summary
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One drawback I found (probably the same with any impact driver) is that if you dont use pilot holes and let the impact kick in too much it will easily just rip the head straight off the screw.