Early game, it is an amazing facecheck. It will set back the runner quite a bit. But as soon as a code gate breaker (decoder) is out, it will be broken for 1 or 2.
If you do not use code gate, it is a cheap and annoying ice to pass. But it will give some protection early game, but by midgame, it is just a bit annoying.
Note that this ice can be trash near instantly by Chisel.
By virtue of its cost, it is worthwhile ice, especially in horizontal decks. It can then be used to protect cards that are expensive to trash, like Jeeves Model Bioroids or SanSan City Grid, just because the runner will have to spend that extra bit much, making it that extra bit taxing.
This is the first funny quote that keep giving me a smile even after seeing it many many times. It line up with the name and effect perfectly. Great art on top of it. Good design.