It is OK. The beads add a little to an orherwise boring light fixture. I had to buy a longer threaded pipe nipple, and of course thw thread was a little different than the one supplied so the nuts were a real PITA to use. This is not unique to this fixture, however.
We saw somewhere that someone did not like this because they could still see the insulation. Well, used led bulbs and remove some of the insulation or really tighten down on the nipple.