I haven't been able able to try it on console yet but on my iPad it's awesome. It's the fastest gun in the game. Even faster than Boba Fett's blaster.
edit update: I tried spawning it on PS4 and it worked! It didn't unlock it though. If want to try it out friend me on PS4 (PSN to the right). I shared it the toy box with friends. It's called New Tool.