I've used em. They will give up the ghost eventually, but so do all buttons. You'd think that a button with that wattage rating would handle it, but even 5v / 2a ish is hard on buttons. I'd say use em for a 1st mod unless:
1) You need to order from somewhere anyway, like
Welcome to MadVapes LLC, and just pick up a couple of atty connectors, batteries, and a button. Maybe LED too.
2) If you do order, and wish to try 5 volts, then you need a 3xAA box and 2 batteries (read 4 batts, so 1 set can charge while the other is in use) and a regulator.
3) There are many regulators, including switching regulators, that are great for 5v and have built-in MOSFET functionality (inhibit or enable pins) that will allow you to use a small, low amp button. MV even sells some LDO ones, linear last I looked, but still good for a mod. See this sub-forum (modders) for MOSFET info.
So basically, you end up deciding on
A) 3.7 volt "simple" mod with high-amp through the switch.
B) 5.0 volt regulated mod, low amp small button, slightly more complex
C) Dual 3.7v (6-8 ish volt) unregulated mod - not recommended or commented upon further here
The connector should be wired by you, so it doesn't matter if it was a blu or not... you set the polarity based on how
you wire it. I suggest making the outer shell the ground, the inner pin the positive.
You'll need a charger for the batteries too.
Anything more complicated than the NicoStick and you'll want a multi-meter too.
Let us know how it goes. Good Luck!