Just got it today. 11/29/11. I love the size and the fact that it has a protective shield which can be turned over when using it (instead of having a cap which I always loose or retractible feature which doesn't always work as it suppose to.It came with some software which I uninstalled right away (no need for that) and also it came formated in FAT32, I re-formated to NTFS (even though it's only 8gb I still would like to be able save files over 4gb in size.The transfer speed is only 3 MB/sec which is ok since it only has 8gb of space anyways.For the purpose I purchased this drive it is absolutely perfect and does what it suppose to do, so I'm very happy.I definetly recomend this product.Please note if you trying to watch 1080p movies of this drive you need to look into something else as the transfer speed would be too slow and the size would not allow you to have any movies over 8gb, we all know most of 1080p movies these days take around 10 to 15 GB. 

Question: Is the transfer rate good?
Answer: The transfer speed is only 3 MB / sec