I just received my Phallosan today and have been very pleased with it so far. I've already worn it for about 4 hours today, which is quite a bit more than the instructions say a noobie is supposed to - this thing is seriously addictive! It is the most comfortable PE device i've ever used, and i've been through a lot:
The Jes extender cut off my blood flow too much and gave me burst foreskin veins with its noose. I tried a VLC tugger mod, but that always gave me painful blisters and wore a small hole in my frenulum after a few weeks. The Bathmate crushed my pelvic region when trying to get a good suction going, meaning that I gave up after just two sessions.
Phallosan? Zero pain, perfect stretch, extremely minimal blistering or redness, even after so much use just today. The initial application of the condom sleeve was a major hassle, but after practicing a few times i've got it down to an art - the trick is to not treat the condom sleeves too gently. I feel that any trouble I had was worth it for such a brilliant suction. Also, my dick isn't very big - 6.6" BPEL x 4.3" EG - and that can vary throughout the day. So when i'm turtling a bit, i'm grateful for the varying sizes you get in the box because most of the time I fit the medium size but sometimes I suit the small size better.
As for the price, for £250, it's really damn expensive. But I have already wasted enough money on uncomfortable crap that to finally get something that I enjoy using all day is almost worth it (plus I got a Bathmate refund at Lovehoney, so that shaves £100 off it).