Ooh, good questions! Its heavy. You certainly feel it, hence why I sometimes prefer a mouse. However, I'm used to heavy sticks, like this one and the Logitech ones. Never tried a Saiteck, but they look fairly light.
The movement is quite smooth, as for 'catching on', I suppose it depends on the game? I fly a lot of WW1 flight sims (Rise of Flight, First Eagles 2, Over Flanders Fields) and you do have to push the stick forward pretty far to 'nose-down' however, that is realistic with the flight mechanics, and I havn't really flown other types of games. (i.e. space sims.

) Never tried using it in FFE or otherwise.
So I really can't answer. One of the inherent problems with joysticks, they are really personal, and the 'feel' of the stick depends on the person.
@Cody
I can never tell if you are being sarcastic or not, (oh the joys of internet communication.) so I'll assume that you don't know the reason for HOTAS. In a nutshell, its literally placing buttons on the top of a stick. This is so a combat pilot can shoot or jettison fuel tanks or what have you without taking his hands off of the flight stick. Take some of the earliest WW1 aircraft machine guns, they actually had to take one hand off of the stick to operate the weapon.