I play on the PS4. It's excellent with my friends, as they benefit from it also. First thing they said, was about hit detection and the way it plays. No longer do people get to turn on you after 10+ bullets into their back!
Spluff - The occasional lag on Fifa in head to head, but now I don't get that, the games selections are close, it's brilliant. Obviously if you have it on, for example a 1,000KM range from you, it takes a couple seconds more to find a game, but i'm ok with that!
Anti - You get a few foreign players, but it's all about the host for me and ping. Which has been significantly reduced. My K/D has shot up, e.g went 52/13 last night and my friend got 44/15 in the same game.
Also, the interface is so user friendly, simply drag the distance you want to set the radius of gamers. Everything else, is just well done.