I had the opportunity to try a genuine UMP the other day. Here's the video. It is a very fun firearm, and it is really quite accurate as well. Needless to say, the "cool factor" is through the roof with these. The previous week I had the opportunity to try a USC to UMP conversion - which is also really nice. In practical terms in Canada, with our 5 round mags, if you can get a nice conversion set up for a USC it is pretty much just as good. Just as fun. Just as accurate. The differences seem to be: (1) the UMP has a double-stack 25 round mag which is really "massive" compared to the 10 round single-stack USC mags; (2) the UMP folding stock folds all the way down and will stay down. The H.E.R.A. conversion for USC will not fold flat; (3) The UMP trigger is a bit heavier, but it doesn't make it accurate or shootable as far as I can tell. both are really fun to shoot and accurate; (4) The UMP is probably going to be at least twice as expensive - although the converted USC are also very expensive by the time you get done (hell, the bone stock USC is pretty pricey itself). Check out my USC vids as well if your interested.
http://www.youtube.com/watch?v=Pd6XZQB7iLc&feature=channel