Apparently they're called Moka Pots, never knew that.
What appealed to me about the moka pot at the time was the reeeeeally "strong" coffee flavor. As I've moved away from it, I think my palate was just geared towards really dark roasts - very little the bean brings to the table at that point.
On electric (resistive) stoves the behaviour may be different.
Or in other words, the way to make something espresso-like when all you have is a heat source.
Such a great tool...