$20 for a lock of $500 for a new board?
Had the Burton version of this - basically the exact same thing but with different logo - for 4-5 years. Worked great, just enough to make a board-snatching dbag move on to the next one that has no lock. It finally crapped out on me, partyly because I believe I mashed it one to many times riding / falling. Of course, it decided to not releases the lock when I had it chained up with my and my bro's boards. Two well placed heel stomps on it busted it loose. A couple people gave us looks, but only because we did a lil dance after freeing our boards.
Does the job like a car-club: why F with a locked board when there's 1000s of unlocked ones lying around? Worth it for sure.