I love my Xbox 360 and as an avid gamer love having the ability of customization for my accessories. When the option for a Microsoft Xbox 360 Pink controller came to pass I had to have it. Not only is pink one of my favorite colors, but it also meant that nobody would be sharing/taking my controller at home.
I love that it is a wireless controller. I hate cords. They clutter up the room and make it to where you have more restrictions during your game play. This controller allows me to play anywhere in my living room or even the next room over. As long as you have placed your controller in sync with your system, you're pretty much good to go ~ unless you want to change your control settings.
My biggest downfall is that it was limited edition, so if you didn't buy the controller with the play and charge kit or buy the additional battery pack it can be difficult to find replacement batteries covers or battery packs that match. Thus you can have a pink controller on the front with a white, black, etc. color for your battery cover/pack.
I highly recommend the controller if you love pink or if you just want to use it as a way to keep the guys from taking your controllers.