I like it. My only complaint is that it eliminates the bounce. It's not the most common shot since it's difficult to pull off, but I've seen some games won and lost when a team was distracted and the other one nailed a quick bounce.
Oh man that is awesome. Does anyone call it beirut anymore?
I remember seeing an informal survey a few years ago asking people what they called it. IIRC, beirut was still the more common name in the New England region.