Played a good chunk of Castlevania IV (reached the treasury), a bit of Super Ghouls n' Ghost (up to the level 2 boss) and a good chunk of F-Zero (died in Fire Field like in the good old days!). All three games worked perfectly. I had my TV on game mode and if there was any input lag I did not notice it (though some fast jumps on reversing platforms in Castlevania felt a lot harder than what I remembered). The color / brightness felt a little bit weird in Castlevania (but again that game used a strange palette to begin with), but I felt at home with the other two. There are three video modes with the device: 4:3 (original aspect ratio but stretched pixels), pixel perfect (square pixels but also a slightly deformed image) and CRT filter (original aspect ratio with a touch of blur and fake scan lines). CRT filter is where it's at. It makes a very decent job (though not as glorious as my original console in RGB on an actual CRT). Maybe 4:3 can work if you are very far from your screen? I am not sure. Also, you can't really be far from your screen with the cords provided (see further down)!
The controllers are basically identical than those of the original machine (and I have been playing SFC games for the past couple months). The surface of the controller is just a tiny bit rougher. To clarify, the surface of the original was not smooth, it was slightly rough and on this new controller it is ever so slightly rougher. It is a slight difference and absolutely not an issue. Also it is entirely possible that this difference is only there because this new controller was made a month ago while my SFC controller was made 27 years ago.
Possibly an actual issue for some, the cables of the controllers (at least in the EU version) are not exactly long. They are longer than the original SFC ones (not very hard since those are a miserable 1 meter long), but, at 1.4 meters, they don't win by much! I believe the original european and american controller cords were a lot longer. That being said, to access the menu of the console and manage your save states (4 of those per game with the possibility to rewind 40 sec from the save state point) you have to hit the reset button on the actual unit, so a 8 feet cord would be of little use. I guess you can put the unit far from your TV, but, for that, don't count of the HDMI and USB cables provided (the console is powered by USB so you can use one of those 34 USB port on your TV).
As far as I am concerned, the only thing that I am not happy with is the resolution of the console's menu. Maybe they straight up reused the NES menu or something, but that thing is not pretty and does not scream quality. With the actual ergonomics of the menu I had no issue.
The main goal of this purchase for me was to be able to share some SNES classics with friends and family on their modern TVs. I feel this unit is perfectly able to do this job. We'll see how well said friends and family do theirs! On that note it should be added that, in the EU version, the games are only in english, so some of them will be tougher to play and to enjoy if you are not able to read the language (like, say, my 12 year old nephew might have a tough time with Super Mario RPG).