I used the XIM4 for two weeks and I sold it because it was too much hassle with all the cables for me.
I rather play on my couch instead of a chair at my PC ^^
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That's the major flaw for me! I'd have a kbm setup if I could be just as comfy using it as when I use a controller. The option to be in literally any position and still play is a big selling point for me.