After ordering, I looked through the product pictures and thought the stand would look ugly after all. I was after something very simplistic and neat. However, when you place the guitars/e-guitars/basses (yes, works for all of them very well), the "ugly" holders are covered and the stand looks just fine!
It has an angling mechanism which enables you to "drop" the guitars on it and then you lean them gently towards the stand. Although I don't know if it's really necessary, it works well and holds the instruments in place.
The only downside I've noticed after using it that the stand has some kind of foaming in the most visible bar to prevent instrument scratching. However, this foam has a very textured surface and after it gathers some dust, it's very difficult to get it clean after that since the dust "soaks in".
Works well, well built and does its job well!