This razor is great if you have a ridiculously sensitive neck (like me) and your facial hair isn't dense. If you're the opposite or a head shaver, I recommend buying something else. I can get away with a single pass on my head with other razors, but I required a second with this Merkur. The back of my head--where the hair is thickest--could've used a third.
The handle is really tiny, which I expected, but it's too small even for my small hands. This razor is also NOT cap-heavy like I read elsewhere online. This and the overall lightweight of the razor, means you're going to have to apply pressure.
As for build quality, it's exactly what you'd expect at this point.
TL;DR - Best for sensitive necks and sparse hair. Too mild for other applications.