Sandman is right: They are excellent on depth, excellent in nasty minerals (even up to jet-black cr*p) and get even the tiniest of tinsel thin chains (that standard discriminators can miss) etc.... Sounds great, right? I mean, who can argue with all those plusses, right? But the "rub" is, that you won't have any form of discrimination, except perhaps your ears (second guessing all the signals). I've heard some pulse users claim they can pass nails, paper clips, bobby pins, etc.... by sounds and tones. And some of them do a pretty impressive job at it, after many year's experience. But if you pressed them for details, they'd admit that "nagging doubts" will send them back to dig some "just to be sure". Also I would wonder if those double beeps, or other such sounds-games they use to discern nails, might also be the sound a dangly chain or gold stick pin or whatever would give?
If you hunt touristy clean beaches, where nails, to begin with, are not a big problem, then I suppose give it a try. But if you hunt beaches with a lot of iron it can be a problem. Like industrial history (wharves that have burned down, commercial fishing usage, etc..) and beaches that allow beach bonfires (where burned pallets introduce nails), then you might find go psycho trying to use a pulse.
I have seen a lot of guys in my area, get lulled in by the "beach" advertisements of various pulse machines, try pulse machines here. But even those that claim to discern nails by sound, don't last long on nail riddled beaches. They leave for greener grounds, and sometimes those beaches they leave are excellent beaches (since mother nature leaves nails and coins/jewelry in the same erosion zones). And I've seen several times where they totally ditch their pulse machines when they see they're digging 5 to 10 iron for each conductive target, while the guy with an Excaliber or whatever is digging 100% conductive targets and no iron at all. Yes, the pulse guy will get an earing stud that the other guy would miss, but it's all in the odds. Ie.: do you take a hit in black-jack if you have 20 in your hand? Or do you "hold"? Why wouldn't you take a hit since the next card MIGHT be a one card? Obviously the odds are, that it's not a one card, so you "hold". Same logic for some metal detecting choices. It all depends on the target spread, your patience and time, the type beach, your competition, etc....