A big thumbs up for this stand! It's strongly built and looks fine - not as pretty as a wooden stand but not an eyesore either. I use it to hold 2 acoustics, 2 electrics and a bass - it takes up far less room than separate stands would.
Also: one of the reasons I bought it was because I'd had problems with cheap Millennium stands reacting with the nitrocellulose finish on my acoustic. It says 'not suitable for nitrocellulose finishes' in the product listing, but after looking on the Hercules website's FAQ (where they say it is safe for the majority of nitro finishes) I went ahead and bought it anyway. No problems so far! (Although from reading around forums, a) most nitro reactions happen when the guitar is new and the finish is still curing, and b) nitro formulations vary so you can never be 100% sure that a stand won't react.)
Anyway, an excellent stand for 5 guitars that won't break the bank.