i've used it a couple of times, just be wary and remember if it sounds to good to be true, it usually is!
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Only when the last tree has died and the last river been poisoned and the last fish been caught will we realise we cannot eat money.
i used it a few times for dvds and got them, then ordered a phone (about a year or two ago) - a sharp gx20 for £170, and it never came. However they did give me a refund within a month of the purchase, so it would seem some are slightly dodgy, but you are well covered.
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Sources: Arcam Alpha, CA DVD55, Sky +, Pixel mapped Vista PC, Xbox 360 + HD DVD @ 720p
Audio: CA 540R > AE Evo 3, AE Evo Centre, Gale 3060B, MS 308
Visual: Sanyo PLV-Z2
Yes, you are well covered. The purchases actually go through Amazon, you pay them and then they pay the seller. As chedmaster said any problems and you should get a refund.
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If you are caught on a golf course during a storm and are afraid of lightning, hold up a 1-iron. Not even God can hit a 1-iron.