Great product and bargain when on special. Rechargable batteries alone wouldn't have covered the purchase price.
Two lights tell if the controllers are charging. They glow red when charging and turn green once charged. Micro USB to USB cable connects the unit directly to one of the USB ports on the XBox. XBox doesn't need to be booted to charge. It will charge as long as XBox is plugged in.
Not sure if NiMH AAs can be used as replacement batteries once the supplied rechargeables have gone beyond their life.
The only con I can think of is that when charged the BIG green button is a bit too big & bright.