I'd approach the trash territory, but it's more like...just okay. Functions fine with my TV, batteries die relatively quickly (about a week and a half of decent daily use), and not all apps/programs function properly with it. Hulu is the biggest offender...the circle button, which is back on the normal controller, doesn't function properly on the remote. When watching something on Hulu, you'd better be ready to marathon it, or you'll have to quit the Hulu app every time you want to switch shows.
Or I'm an idiot and don't know how to use the remote. One or the other. Final thought: it feels cheap and creaky. Not that the PS3 remote was of maximum superior build quality, but it was better than this thing.