I needed a wine rack that would 1) match my other furniture; 2) hold at least 20 bottles; 3) fit into a compact space.  This one does all three - and has the added bonus of substantial storage area for wine glasses.  I could not have made a better purchase. 

Pros: Attractive piece of furniture - will go with almost any decor; fits in a compact space, feels solid.
Cons: Can't think of any drawbacks, unless a greater amount of storage is needed.