We had one at work, and I tried it few times, it worked great, perfect angles etc, but took longer to sharpen the chain, and like leweee said you have to rotate the file every couple teeth for good results. I ended up thinking at the time, that it was more fuss than it was worth. Have sharpened enough to where I do it by hand sans anything but a file holder to protect my palm. I am sure my angles are not as perfect as if I had the holder, but the chain is sharp and goes like a bandit in the log, chain doesn't wander in cut etc... so I am satisfied. Having used one with success though, I can see there is a place for them for some folks.
Dave