X-Arcade Xbox One Adapter (with a PS360+)?

Curious if anyone has used one of these Xbox One adapters that X-Arcade is selling. Says it can take a PS2 straight to Xbox One. So was curious with the PS360+ (RJ-45 to PS2), and then with this adapter would you be pretty much set? Or is there significant lag or just work?

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http://shop.xgaming.com/collections/adapters/products/x-arcade-xbox-one-game-console-adapter