Yep- money down the drain. The other stuff I bought (motors- Hacker, E-Flite, Electrifly and ESC's- Castle, E-Flite, Electrifly) continue to work fine. Amount of enjoyment per dollar spent continues to go up with each successful flight. I've got buddies that use the cheap stuff- sometimes it works, sometimes it doesn't. And you hate to see a guy drive all the way to the flying site and not get one flight in because the cheap stuff (that even worked at home) doesn't work at the field. Unfortunately it happens.
I'm looking foward to trying an OS Motor, but I'm still saving up!