The last time this question was asked (about 1 week ago) I said that they are a tacticool gimmick. I stand by that statment. I'd be willing to bet that someone with a good pistol that practices and knows how to shoot will outshoot someone with a cool guy AR pistol.
Even if you live in a non-SBR state I don't see them as a viable alternative.
1. A case of 9mm is still cheaper than a case of 5.56
2. A good 9mm (example only) is going to be cheaper to buy and more reliable.
3. The guy with the AR pistol probably will not practice as much as they pistol guy for reasons mentioned above.
4. The muzzle flash from these things can be horrendous. Maybe a Battle Comp would help mitigate that.
5. I can carry the pistol on my person and don't have to worry about any other security concerns when I have to leave my AR pistol in the vehicle.
JM2CWYMMV.
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