The TU-2 works fine for stage and practice tuning, but I find that it's not accurate and precise enough for setting the intonation. For that, I use my PODxt since it's got a graphical display that shows more precisely the note actually is. Since I'm so anal about my tuning, I would go for >this tuner< if I was in the market for a new one.
If it's for your bass, be sure that it is designed for the bass as well. Some tuners aren't able to track notes from a bass very well. I know the TU-2 does though.