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I bought 2 of those for the splitter rack of my band. The product works fine, soundwise I can say it's perfectly ok for live situation. No problems with phantom power, as long as you follow the instructions. I can't tell about studio quality because I haven't used it in such setting. The price is super!
The only real downside is that having 2 outs on the back is quite a bummer for those who want to use it in a two face rack case and have both ins and half of the outs available. I had to buy a rack panel with XLR holes and solder connection cables to solve this issue. There are alternatives with different configurations (ins and 1 out on the front, 1 out on the back) but the price difference is so relevant that I preferred to do this workaround.