I never thought Fiets would be the one to get this question. The Hite-Rite is a bit of an antique; I have one just because I think it's cool, but it's not very functional. It takes a good bit of skill to use while riding, but it looks cool and gets lots of compliments, so I'm keeping it.
The new ones actually do the job pretty well, it's just not a job that really needs to be done, especially for the price.