It's a beautiful story for the exile, that they took an object of shame that Jews were forced to wear and made it a symbol of pride, but what it says is "accursed exile in Russia" and "degradation of Jews". There is no coincidence of the exile mentality held by Satmar, or that they demand to be separate and see themselves as more special than any other groups. We need to have Jewish culture from Israel and Am Yisrael, not exile survival tactics and division.
That being said, I don't really care about the hat, but I am against people who take up the tradition, as it is a minhag from their fathers that is cumbersome, and really doesn't have any meaning for others.