This mic stand works well for the intended purpose, and I would say that for the price, it's worth it.
There are some downsides, as I feel that the clamp should have a wider base, so that some less dense tables don't compress under its weight. Otherwise, the springs work well and don't really have too much or too little tension. There is also the case of the screw that holds the arm itself to the base. It might be hard to twist the arm, as the screw that holds it might be a bit too tight and twist the entire base.
These things aside, I would consider that this microphone stand is well worth the money, and I would recommend it.