I disagree with half of the reviews here. It's a typical Japanese cheesecake and you really cannot compare it to New York cheesecake at all. Completely different beast. The cake is quite good if you understand that you are coming to eat Japanese cheesecake. It is similar to a souffle when warm, so put it in a fridge for it to taste more like a cheesecake. Luckily, the hype is dying and the line ups seem to be minimal. I would definitely not recommend lining up for this cake.
Also, please refrain from comparing it to T&T's cake. T&T is a good option if you don't want to wait in line, but the cake from Uncle Tetsu is a lot better. I also have to thank Uncle Tetsu for inspiring me to make my own Japanese cheesecake at home. I have to agree that the ingredients are not that cheap and maybe $10 is not too terrible. But I am still bothered that they are charging tax on a whole cake when every single bakery does not charge for it.