You think that the analog stick will be underutilized? That by itself would make me less interested. I've hated d-pads from NES on. And having just the remote control part would be awkward to use, too. Imagine yourself holding a game controller with one hand. Grab your TV's remote and think about trying to use it as a game controller. Would it be down by your side? In your lap? Pointed at the TV? Having the isometric forces applied to both sides of the controller (or to both arms, depending on how you look at it) makes holding it a lot easier, I think.

I continue to think that it's a terrible controller, if you couldn't tell.