I remain very pleased with mine: it's still making all the right sounds (as far as I can tell), and its 9V DC socket works as well, which is the only issue I've had with cheap pedals previously! I'm no stranger to the cheaper end of the market as I also own a couple of Joyo guitar pedals, and only recently moved on my Behringer BDI21 for bass (issues with the aforementioned 9V DC, among other things).
I know what you mean - there is a slightly liberating feeling of "well, this only cost me £30; if I don't like it, I haven't lost very much" - not to mention the spirit of "well, of course I'll try it with all the controls maxed...if it bursts into flames, I've only lost £30..."