I'm considering purchasing one & would like to know if anybody on here owns one & what they think of it as well as any info they can tell me about it.

Is this the overpriced magic heater that will heat your house and save you a million dollars on your heating bills?

I don't buy it.

Electric heaters take electrical power and turn it into heat. 1kwhr (kilowatt hour) turns into 3412btu (british thermal units). Sometimes quoted as 3413btu depending on who you ask but I'm splitting hairs.

ANY electric heater will deliver this same amount of efficiency, whether it is a cheapie $20 "milkhouse" heater from Wal-Mart or some $500 electric heater.

If it plugs into a household receptacle, the most it is going to draw is 1500 watts (12 amps at 125 volts but realistically you probably wont have any more than 120 volts, possibly less, at the heater due to loss in the wiring so 1400 watts or so is about it but I'm splitting hairs again). This isn't going to keep any house warm if it is snowing outside. When it comes to electric heaters, "Run away as quickly as you can" if they say anything to the effect that their heater is more efficient. 1500 watts is 5118 btu no matter what kind of heater it is.

The primary difference in heaters is going to be how they deliver the heat into the room. The units with a blower will heat the air (just like your blow-dryer) and blow it into the room. You don't want it to blow quickly because it would feel like a cool draft unless you are close to the heater. Other types are "radiant heaters" which have a heated surface that radiates heat, a common version is an oil-filled radiator.

Safety is an important consideration when using an electric heater. I like the oil-filled radiator types (I've got on in my office and another at home in the bathroom) because they keep the room warm but don't get hot enough to burn you or start a fire. The types with fans will overheat if the fan goes bad (I've had that happen) but they have a thermostat to turn them off if they overheat. There is also the danger of them tipping over which will block the air flow and cause them to overheat, some will have a switch that cuts off the heat when tipped. There are some units which have the heating unit enclosed and use a blower to get the heat out, these are probably safer (especially if you have kids) since you can't get to the hot parts but wont put any more heat into the room than any other type.

Also, consider the electrical wiring in your home. A 1500 watt electric heater will (by itself) take up most of the capacity of the circuit. If you have much other stuff plugged into the same circuit, the fuse will blow or the breaker will trip. The heater will draw about 12 amps, most residential circuits are fused at 15 amps, sometimes 20 amps, so there isn't going to be much capacity left for other things. This is especially important in older houses where one circuit may be feeding power to 2 or 3 rooms.

They claim that it saves up to 50% on the heating bill.

NO it does not; I bought two as I believed their advertising BS. Put 1 each in key living areas and turned down central heating thermostat to 65 F. for rest of 2000 sq ft house. My electrical bill kwh was unchanged. Save your money, I wish I did.