My goal was to find a moderate to low cost portable FM tuner to wear for working out, jogging, walks, office, etc. I evaluated solely on FM reception of two channels of interest, WEMU 89.1 (jazz and NPR, a very strong signal) and WUOM 91.7 (NPR, a moderate signal). Ann Arbor sits in a valley and has notoriously poor FM reception. (Even my high-end receiver with an indoor Terk antenna struggles.)
I tried at least 5 other units within a short period of time of purchasing the SRF-M35. These units are:
RCA RP1667 ($20) - Meijer
Jensen SAB-50 ($25) - Target
Koss PP260 ($30) - Meijer
Panasonic FR-SW200 ($50) - Meijer
RCA RP1876 ($20, with cassette) - Walmart
I have little doubt that among the 6 I tried, the SRF-M35 unit is the best with regard to tuning sensitivity. Sound quality was also very good, but of course very much a factor of the strength of signal.
I did not expect that the Sony would be my first choice. I thought that there was a good chance Sony was trading on its reputation and name. I was wrong. The Sony was the best of the bunch (and the list above is in order of my other preferences).
The SRF-M35 has no mono switch, instead uses a blend-to-mono circuit. This works pretty well on music. However, for talk radio, e.g. NPR (generally a mono program), I would have preferred a mono button to further reduce background noise. The RCA did have a mono switch that I used, and I liked this feature. However, the headphones I use have a mono switch, and this essentially reduces background noise as effectively as if the mono switch on the RCA tuner (I'm not sure I understand why, but that's what I observed.) You could also get a mono mini-plug converter from radio shack to go on the end of your stereo headphones, although this is less convenient.
The Jensen was a very good performer. I disliked its smaller buttons and preferred the one-button-one-preset approach that Sony uses. It also has a bass boost that cannot be disabled. It sounds good on music, but is a little annoying on talk. However, it did hold stations well, was the smallest of the bunch, and has a cool arm-band. If I was a jogger, I might have picked this one instead.
The RCA was a good performer as well. See my review of it. Before I tried the Sony, it was my first choice. It didn't hold stations as well as the Sony, and I wish it had a lock button. Also, there is no clock. It was a good performer, and I think I would have been very happy with it.
I cannot speak to long-term durability of the Sony, as I've only had the unit a week. Also, I am less likely to subject it (or me) frequently to the rigors of jogging.
In short, Sony provided the best in this class. I tried several comparably priced units, and was expecting Sony to be no better than the rest. I was surprised by the improved performance of this unit as compared to its peers. It is slightly more expensive, and in my view, justifiably priced.