The Millenium GS-M3 is a good choice for stay-at-home guitarists and hobbyists.
The stand's metal construction is fairly lightweight and robust, and it's of just the right size to fit comfortably in a small room without occupying too much space. When not in use, the stand can be folded over and stashed away neatly even in tight spots.
The foldable construction affects how the stand behaves at rest. The stand relies on the weight of the guitars to spread itself out, and with no guitars on it, collapses in on itself to some degree. Due to the lightness of the stand, this makes it slightly unstable on its own, but not to a worrying degree.
In my case, it fits a Les Paul, Jazzmaster, and a jumbo sized acoustic guitar comfortably. The guitars are spaced apart nicely and there is no wobble affecting them while on the stand, or when a guitar is picked up from it.
This stand is best suited for round bodied guitars. Offset guitars will have some tilt to them, depending on the body shape. I'm not sure how irregular or angular shapes would fare, but presumably as long as the body is wide enough for the cradle, it'll be kept in place.
I would recommend it for use at home or in practice spaces, especially due to its fairly cheap price point.