Unless the retail price is only about $5 this is just an overpriced piece of plastic.
And to answer the "Trigger" questions:
You'll have to hold this with two hands. The place that has the normal trigger location will have access to the buttons of the nunchuck, you'll have to use your other hand to hit the B button on the remote itself, which is probably the button used to fire a weapon in most FPS games.
The beta unit from E3 is actually a modified nunchuck shell, and might be more useful than this because it would have the ability to transfer the B button to the normal trigger placement and still have the analog stick from the nunchuck. I'll wait for something official.
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