No - it is compatible with most ego chargers...they ship with a 450ma charger but I have charged mine on my ePower 500ma and you can go lower, just takes longer to charge.
I received mine yesterday and it works well. I have not tested it with a multimeter, but I can definitely tell the difference in the 3 voltage settings. Low is virtually identical to my Joye eGo batteries, medium vapes comparably to a Riva battery, and high definitely steps it up a bit more.
There is only one problem I have encountered with it so far and that is the center post is a little too recessed upon arrival. Until I worked it up some with a paper clip it would not work at all with any of my eGo specific tanks, cartos, or chargers. I now have it working with my T-tanks and Echo-e's, but cannot get it to work with my Mega dual coil cartos.
It works great with all of my regular 510 stuff.
What's the voltage measure on these under load? I've read elsewhere that even though the ego batts are 3.7v, under load they put out 3.1. That's a big difference.