It's great to see that even simple things like the folding guitar stand can be improved over time. Or rather that the manufacturer has the will to do development work.
Two minor improvements here, which add up to make this a very versatile stand. Most obvious (every other manufacturer goes: why didn't we think of that!) is the stepped slot for the instrument. This way you can use it for electric and acoustic guitars without any adjustments.
Second improvement is the padding material. The finish on many fine guitars, acoustic and electric (like Martin and Gibson), is nitrocellulose lacquer, which can react to many stand materials. This new padding, while I have no idea what it is, is very easy on nitro finish.
Good job.