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Reception is relative to your location and is best used on your person outside.
Indoor reception decreases dramatically (ie: inside a gym or office building).
When you get a good signal, you get great audio. Mini usb charging is great, std 3.5mm jack headphones act as the antenna, unit is small and fits in the palm of your hand. HD sub-channels (broadcaster-specific) are a cool bonus to the increased sound quality.
For the price, it's a great way to experiment with HD Radio.
What's great about it: Very small footprint, easy to read LCD, good battery life, any (3.5mm) earphones will work
What's not so great: earphones as antenna, un-necessary buttons, no bluetooth option