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I have one of those as well. I still have not got use to it. I will stick with my soldering iron for now.
If you get one, just practice with it on something other than your dash.
I messed around with one of these for a couple of days a few years ago and unless they have changed the type of plastic that it uses to "solder" with it is very umm messy. about the time you get the right plasticity of the material you have to move quick or it is just too hot. my problem was balancing keeping the peice I was fixing hot and the filler plastic hot. I didn't care for it at all. I perfer solder myself.
that would be cool. thats always been my problem with the thing it is either on or off which is ok with something like a solder gun but for larger objects that you are fixing (something that would require plastic welding) the heat source should be more like a high heat heat gun. Think more like using brazing instead of soldering. This would probably work for small cracks but if it's anything substantial I would find another way of fixing what's broke.
As mentioned above, the ability to control the heat of the welder seems very important for making clean welds. There are some links to other recommended welders in that thread.