I love this tool, but I don't do a lot of distressing. Some people I have talked with that do a lot of distressing say they like scissors better, but I assume it's because this wasn't around when they started distressing the edges.
For me it's nice to have such a handy tool that I can string up to have on my neck when at scraps. And I love that there are 7 different blades to choose from so you're not using the same blade over and over again and dulling it too much.
And the soft finger pads (red dots) are great for keeping your hands cramp free when doing a lot of distressing. I keep forgetting I have it and get excited when I remember and have to start distressing just because it's so easy.