I've had one for about a year. It is typical Bridge City quality and utility. The cursor shown in the OPs photo is magnetic, and will stay in place on the blade. Look closely and you can see the notch in the edge of it for a pencil, to mark cutting lines when the unit slides along the edge of the material. You can buy extras in different colors (available when I bought mine).
The head locks in place, whether at 90° to the blade or if you move it to a particular angle. There are no angle markings, so you have to set it from a reference angled tool or by laying out a parallel line and measuring a distance on that, then moving the angle of the blade to match.
I find it great for marking sheet goods to help in breaking them down.
Steve