My opinion on the L-Trac: Awesome.
I don't find the casing feels cheap. Yes, it's plastic, but I wouldn't call it light. It feels solid enough to take a little beating. I wouldn't recommend beating it, though, because such a nice device deserves your love and respect. It's definitely nice in the hand, but due to its size, I would like to have it sit a bit lower than the keyboard is. I may have to mod my desk for this.
I don't have weird issues with resistance varying by direction. It did have that feeling a little bit, though, when it first showed up. Probably just takes a slight bit of breaking in.
One thing that gets a lot of complaints is the scroll wheel position. I don't have issue, but maybe I'm just using mine a little different than everyone else is. I keep my L-Trac at an angle (maybe 10 degrees clockwise) to the right of my keyboard. I use my thumb for the left mouse button, index (and to an extent, middle) for moving the ball, middle for scrolling and middle click, and ring for right click. Am I strange for doing this?