For setup SteelSeries have kept things easy. Plug the headset into the AudioMixer and then the audio mixer via USB to our system/console and single 3.5mm to our display device. Xbox 360 users also need to add the 2.5mm cable to their controller for mic functionality. This does mean that there is a significant amount of cabling around, especially for those on a wired 360 controller but the lengths used feel about right to minimise clutter... though it will be interesting to see if SteelSeries branch out further to a wireless version of the headset in the future, as they did with the 7XB.
In terms of performance the Siberia V2 cannot be faulted. No matter what type of game or media we asked it to handle the headset responded and gave us an excellent experience.
So that brings us to value. For gaming headsets we always like to see manufacturers bundle items such as carry pouches and replacement earpads and SteelSeries on this occasion provide neither. That said the headset looks to be retailing at a competitive price so we can't complain too much.
The Siberia V2 is an extremely well built headset that, thanks to its design, is feather light to wear and provides an excellent audio experience.