I think it is. This blog post will be a summary in comparison to my YouTube video. Let me drop that here:
To be frank, the D-Pad is really its only negative and that is a result of a lot of nitpicking. The controller already survived a drop on a hard-wood floor. I can use it in a different room, approximately 25 feet away and it is every bit as responsive as the Dual Shock 3 / SIXAXIS that it replaced. Check out the video for more.