I bought this for my recording studio to power some of my rack gear with it. It does the job fine, and for this price it is unbeatable.
However keep in mind that this is not a conditioner, so it wont do anything with the power it gets other than distributing it to the outputs, and displaying the voltage.
It also has a fuse, and the light can be useful as well.
Basically if you need a rack mounted power distributor, that can act as a main power switch for all of your rack (or non-rack) gear, then this should be a good fit for you, for a very low price.
I recommend it.