Eric. I don't know how they compare to other acoustic products, but from what I have read, they are a legit business.
Most of these traps are made of pretty basic materials, a high density insulation made from rock wool or fiberglass and, if you are handy, can quite easily be made.
I recently picked up a pack of 8, 2' x 4' x 2" sheets of 3lb/cu.ft. fiberglass for $60. For $20-$25 I can build a 4" 2x4 pannel trap.
If you are not inclined to build your own, Realtraps is probably a reasonable value.