dmbaer
I normally would not buy anything that required a dongle, but I did make an exception in the case of Cubase. A DAW is such an all-encompassing piece of software that I felt an exception could be made. As it turns out, I also picked up Halion at the same time (and in an attractive bundle deal with Cubase for an incredibly good deal). It needed the same dongle as Cubase, and one came free with the software, so that part embodied no pain.
The eLicenser usage has been painless. I had an iLok briefly and it was a major pain when I sold it and the one piece of software that required it. Should I ever need to sell Cubase (highly doubtful), I might have some negatives to report. But so far, no problems at all.
I balked & balked at spending $40.00 for a $3.00 USB stick, but finally bit the bullet and sprung for it, begrudgingly all along the way so that I could use my Waves plugs.
I've had the exact same experience as dmbaer, including the same software deal, except my ilok just stopped working in less than a year.
If it wasn't for Waves themselves bailing on the ilok system that they've used for so long, I would have lost all those licences as well as my $40 for the ilok crap.
Since then, any products I've looked at the require the ilok garbage instantly get kiboshed right then & there.
Incidentally, more companies are adding themselves to the elicenser protection system now.
There are many still using Pace's ilok, but it seems some are jumping ship.