The sound coming from this is somewhat on the quieter side. Set this in your software to +/- 8% and it will be better. The pitch slider is small and beatmatching could be quite hard. Also there is not an IN/OUT buttons for the loops, but you could do a mapping in Traktor for this pretty easily. You could use custom mappings for free, which are not ideal or invest in a Kontrol X1 (which is not so cheap) to manage this. It can get quite boring using only the mixer FX ( you can use only 1 for each channel). Most of the people have said this already, but yeah - why removing the effects knobs, when the MK2 already has it.
I only don't like the hotques/sample buttons at the bottom, but lets say that they are OK. All the buttons and knobs feel really good and clicky. It is really well built and feels sturdy.
For this task or for learning basics of DJ-ing this is a very good controller.
I use this to mainly have quick fun by myself or with my friends, without the inconvenience of carrying or wiring mixers, turntables and etc.