Nice to see most of the TE/SE stick issues officially addressed by Mad Catz. Coincidentally, I was going to call them, today, regarding the turbo function not working in PS3 HDR, but I was too late. Then, I read this thread, and saw Mark's post. The only thing not mentioned, is the spotty compatibility with the PS3 sticks on PCs. Hopefully, that will also be addressed, even if it just means a driver release. However, despite unofficial forum posts stating PC-compatibility, the sticks were never advertised to, officially, work on PCs, so I can understand if that never gets addressed, officially.
That said, after using the TE stick for the past couple of weeks, I don't think I would've been satisfied with the HRAP3. The only thing the HRAP3 has over the Mad Catz sticks, is BC with PS2 games on PS3. However, I greatly prefer using the outer, straight, 6-button layout on the TE. The inner 6 layout is too cramped, for me. The rainbow layout of the HRAP3 would suck, to me. The earlier HRAPs had better layouts, IMO.
Amazon just shipped my SFIV:CE, today, and once I get that, I probably won't be playing much of any other fighter, for a while. But if I do feel the need to play my PS2 fighters, and there is still no word on a PS2 BC update, for the TE stick, then I'll just get another stick. The niceties of the TE stick is too good to give up, just for PS2 BC on PS3. All IMHO, of course.
I haven't used the SE stick, but it mirrors the TE on features, minus the casing and Sanwa parts. So, it also seems to be a well-designed stick. It's just unfortunate it has engineering problems, in stock form.
Thanks for the updates, MarkMan, and kudos on the awesome TE stick!