Pros:
-Cheap
-Works ok (I guess)
Cons:
-Very flimsy, poor quality construction
-Poor finish, looked worn/used out of the box.
Unless you can't afford a more expensive option I will strongly recommend getting something better instead. I've got some older "Rockstand" guitar stands that are excellent quality but they've severely cheapened the quality since then. Every product from Rockstand that I've tried in the last couple of years had very thin, soft metal. The parts fit poorly, making everything a bit crooked after assembly. Not very nice at all.
I'm giving it an "okay" rating purely based on the low price and that it actually works. The overall quality is "poor" though.