It is good. Does it all, one box. Feature wise it eats the PowerFC. Not expensive, $695 USD for the kit, 5 wires to tap into to install, that's it. Tuning via USB cable. Also, the PFC doesn't have direct knock control either, only displays a knock value which IMHO is a major issue.
Anyway if you want to know more there have been threads on it.
MuMan and cogs on here happily run them (me soon hopefully!).
http://www.mr2australia.com/mr2play/tm.aspx?&m=52149&mpage=1 You will need new piping mate with an aftermarket IC, the stock stuff wont fit (too small). With piping though, be careful as the cheap ebay stuff is no good and wont fit properly (I've tried). Try to find a well known brand like Greddy or something.
Get that o2 sensor fixed, I did and get about 11l/100kms in traffic with a heavy right foot :P