It depends on your wiimote goals. Here are my opinions on it.
Pros
- For a transmitter/receiver for Dolphin it is a great investment because it works with the TR wiimotes, standard bluetooth adapters require the Toshiba stack. That alone can make it worth buying, even if you are using a separate sensor bar. I have all normal wiimotes, but I still bought two of them in case I ever do own TR wiimotes.
- Using it to turn the wiimote into a PC controller is decent and gets the job done, but there is no customization beyond the predefined inputs of each button. This should be fine for about 85% of people.
- It has a "mouse" mode that enables the wiimote as a mouse by pointing at the IR sensors. Neat little feature, but very jittery and A/B are reversed from what I like. I have made a GlovePIE script that has much better mouse movement and configuration, but it won't work with DolphinBar.
- You can connect wiimotes simply by pressing the "Sync" button. There are far more steps than "push a button" when using a standard bluetooth adapter.
- It is very easy on the eyes. It is definitely one of the nicest looking sensor bars available.
Cons
- The LEDs are prone to burning out because of the issue I mentioned before. These types of repairs are nothing new to me, but to some it could be make or break. As a sensor bar it probably falls short compared to some other options, as there are other USB powered sensor bars on the market with hopefully better quality LEDs, or you can even make your own with 4x IR LEDs and a USB cord that you can pick up at Radio Shack, or even using 2 candles.
- It is hidden from the bluetooth stack, so it won't work with GlovePIE. This is a deal breaker for me because GlovePIE allows you to fully customize the wiimote through scripts (and I love my
scripts), so most of the time my wiimote is connected through my bluetooth adapter/broadcom stack.
In short, I use both options depending on my goals. If I don't feel like messing with bluetooth and just want to game on Dolphin, then I use my DolphinBar. If I want more advanced functionality or better mouse movement, then I connect through my bluetooth adapter and use GlovePIE. Whether or not you have TR wiimotes can easily influence the decision, because getting them to work with anything PC is not as simple as pressing connect on the DolphinBar. And I don't own one so I never really tested if they work with things other than Dolphin with the Toshiba stack (or any stack for that matter).
Also I once did some experiments with an original Wii sensor bar but I didn't come to any good conclusions. The Wii outputs 12V for the sensor bar (or very close like 11.94V). So I tried to hook the bar up to a 12V power supply, which worked great but it felt like it was getting far hotter then it should. My guess is the Wii somehow limits the amount of current going to the bar, but hooking it up to a non regulated source, the LEDs will draw as much power as they can. Fearing I would kill the bar, I didn't mess with it any further.
Edit: Rereading your post I'm not sure if you know this, but the sensor bar does not actually send or receive any data as it's just a bunch of Infrared LEDs. All data is sent/received via bluetooth. The sensor bar itself is only used by the wiimote to triangulate the current position. So anything that outputs infrared can technically work as a sensor bar. Data transmission on the other hand, only the DolphinBar does both. Other sensor bars will still require a bluetooth adapter with TR remotes only fully working with the Toshiba stack.