First one I received was defective (The 3.5mm jack wouldn't properly connect with a plug). However Monoprice quickly contacted me and shipped out a replacement. Second one worked great and I can now echo what everyone else is saying: This one is solid construction, transfers audio clearly enough for my needs, and is inexpensive. I would definitely recommend it to others.
PROS: Shipping was fast.
CONS: Left & right speakers are not labeled on the RCA side.
I bought this for my PS3. My PS3 is connected to my LCD monitor via a HDMI-DVI cable, thus no audio is transmitted. I use PS3's RCA cable for audio and use this adaptor to connect my speaker and PS3. It works great. Sound IS stereo.
Cheap price...leads to although good looking connector (Finish) however the connections inside with audio cable (3.5 mm) bought from Monoprice are loose. I tried other audio cables same result. So at the end I would looking elsewhere.
Works as intended. I bought three so I could use headphones with my consoles and it has worked well so far. Cheap and effective.
The two RCA inputs are not labeled so you'll need figure out which input works for which channel. I cut a small notch in the left input so I always know what cable goes where, but shouldn't have needed to do this.
PROS: -Decent quality -Does what it says on the tin