I've heard a lot of people complain about it in game. I've also heard that it was scheduled for a revamp that never came to be, due to the game shutting down. (Don't know if that's true or not though.)
Regardless, I myself have some problems with it. Can't say much about Blasters that use it. (I do think that I had a Blaster on live that had Archery/TA, but only got somewhere in the 20's I think?) However, Trick Arrow as a Mastermind secondary just doesn't... feel good? Almost all the other secondary sets give some sort of defense, resistance, heals, or lots of -to hit to enemies. Trick Arrow does have some CC, and a -to hit attack, but none of it feels that great to use... and if you happen to pair it with melee pets, they will tend to crumple and die before you can do much else. Even with ranged pets it can feel pretty lackluster.
So anyway, long story short. Personally I hope that they take a look at Trick Arrow and possibly give it some buffs or something, since they can't really "revamp" the set like they were going to do so on live.