They are hopeless! I used to have one, fell over all the time when I poked it with a soldering iron! 
that is called "immitation" helping hand. and i suspect just like others who gave the same comments about its uselessness. do you know people when you have immitation or not? i got mine from zerphtronix

but any day if i need one more HH, i'll just get from nearest local store or ebay chinese. i believe it can be hacked, add some weight to it if not enough umphh.
picture below is my recent use of HH while painting some of my diy pcb (pls note the torch light is totally off the ground). and in relation with the following comments from the other thread. another important aspect for me that heavy clamp (i have one, but only for heavy stuff) doesnt have is portability. HH can be moved anyway very very quickly, and i believe it is meant for that, and i never scratch my pcb copper with the clipper, never have frequent need for soft cotton covering the clip either. but then i guess... YMMV.
ps: btw i find the magnifier on it is pretty darwinian useless though.
And again, the two of you are conveniently ignoring the other uses of helping hands. Yes, you can put things other than PCBs in the clips!