I also just bought one of these, one of my sorta-local Lowes had two in stock at $120. Looked it up on
Amazon and saw they usually go for around $300! I've been doing a lot of smoking on a gas grill (which works really well, but was crazy inefficient) but I am really new to this whole separate smoker thing. I figured with as much smoking as I do on the regular that this was a deal too hard to pass up. I tried it out for the first time yesterday with some pork tenderloins and applewood chips, but the loins came out on the bitter side and looked brown instead of more red that I was typically used to from smoking in the gas grill. I read that has something to do with the difference between actual flame and electric heat, but I'm still learning.
I then did about 12 chicken breasts with applewood (another thing I'm used to smoking on my grill) and these came out awesome, but I added chips the entire time they took to get up to temp and the smoke flavor was ridiculously intense. I think I'm used to using chips the whole time the meat is cooking on my grill because it was so inefficient, so I'll need to experiment to figure out where the sweet spot is with the electric.
My only major gripe about the unit is that the app doesn't work half the time. It starts up ok, and you can set the time and temp plus alarms on your phone (which is really neat), but after a while the app craps out and doesn't allow you to adjust anything anymore until you reset the smoker, which is kind of a pain if it's in the middle of a cook cycle. This renders the built-in thermometer useless, so I ended up using my regular remote thermometers, so no big deal I guess. (Using an android phone, btw. No idea how well it works on iOS.)
Anyway, cheers and good luck with yours!