I admit to only peeking into this thread on occasion and I don't currently use the service. But from I've been reading, things don't look so good.

So is the general consensus that this is just a well-disguised Ponzi or other scam?

I still haven't figured out how BAN can possibly pay 112.5% PPS and giveaway S3s and continue to operate for any length of time. But the answer appears that they simply don't payout as they promise and the S3s never ship.

Correct me if I'm wrong.