A recent Kotaku review of the Razer Elite controller puts it into perspective:
http://kotaku.com/the-razer-wildcat-tries-really-hard-to-take-on-the-xbox-1764566911
http://kotaku.com/the-razer-wildcat-tries-really-hard-to-take-on-the-xbox-1764566911
It’s a comparison that has to be made. Microsoft released a $150 controller, Razer releases a $150 controller. Razer’s offering is expertly engineered, but Microsoft’s controller is the work of dark engineering magic. Razer’s plastic is soft and comfortable. Microsoft’s feels like being licked by a thousand tiny angels. Razer’s analog sticks are smooth and responsive. Microsoft’s sticks are downright creamy and delicious. Microsoft’s extra bits pop on and off easily thanks to the power of magnets. Razer’s removable real triggers—the only bits that come off—have to be unscrewed using a special tool.