It's a great stick. Controlling for nose bounce though is still my major complaint. Have tried everything, and it is still a biotch!!!!!!!!!!!!
It's not a great stick, it's an OK at best stick, and for exactly the reason you mention. A large part of the reason for this is that the stick has a design flaw. Tension on the stick is provided by a springloaded ring that is pressed into a socket on the base, such that moving the stick slides the ring against the socket and compresses the spring.
This is cheap, and easy to manufacture, but an utterly braindead way to spring a stick meant for flying - because of how it's sprung, it takes the MOST force to start to move the stick away from center with a decreasing force to move it further along it's travel, rather than what should be the case, which is that it takes the LEAST amount of force to nudge it from center with an increase in force required as you travel further from center. Hence, you can't help but overcorrect at center, where you need to be most precise.
I lubed mine with a plastic safe teflon-based lube purchased from Radio Shack, and it was much better, but I'm picky, and I still wasn't really happy. When my final MSFF died (the hat switch buttons on it would last me only about 6 months, and because the assembly wears down, replacing them doesn't really help) I finally went with a CH Fighterstick.
The CH is not perfect, but it's been the best thing I've been able to find since the MSFF Pro, which was second only to the Logitech Wingman Force (when Logitech actually made something worth buying.)