I had one of those, and I don't recommend it. There's nothing wrong with it functionally, it's fine. However, there's a cable connecting the stick to the throttle. And it's not long enough to cross a lap (so you can't even sit on it).
What's wrong with using it as a solid unit? I also suspect a mini keyboard would fit between them.
Was the stick ok otherwise? It looks really interesting to me, but I'm not sure about the quality for that price. How strong is the centering spring? I prefer a very... erm, limp stick myself.
Here's a possibly useful video for all in this thread. Comparisions between the major alternatives for a HOTAS setup: http://www.youtube.com/watch?v=4DPDHUuoyHs
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