Arcade Sticks

I was going to buy my first arcade stick. I like xbox but it seems that all tournaments are held on ps3. Would this be a good arcade stick. http://www.ebay.com/itm/Joytron-PS3-PC-Xbox360-EX-Changer-Premium-Real-Arcade-Stick-/321199965698?pt=US_Video_Game_Controllers&hash=item4ac9028602 -

Most tournaments are held on 360…but it really depends on the preferences of the community in the area I think.

Check here for advice on getting an arcade stick:

Possibly look into dual modding.