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The button is 'fine' - took a little bit of getting used to, but not much. I think just about all loopers work the same way. Like you, I reasoned that I could pick up another footswitch, but I just don't see a need now.
I'm mostly using it to give me some different 'practice' options, really. Either simple drums + chords + scale to help with timing and learning my chords/scales/whatever in a way that's a bit more fun/creative/musical, or just to play with as a toy on days when I'm feeling lazy. I haven't yet connected it to the computer, but i do have a few loops saved that either I liked or I just like coming back to to play around with/play over. Part of the idea of getting it was that I'd 'have to' play all the parts and be creative, so I deliberately haven't put backing tracks on it.
I've been through a load of video's on YouTube about this one and the rest of the Boss range. The bit that's perplexed me the most is the single button to record/play etc, how are you finding that ? I also looked into the extra button pedal you can attach to this to make it a bit easier, but I'm not sure if it's worth it.
And how are you mostly using it, to provide a backing track to play along too? Or are you layering up and storing stuff with a computer?