Great bed!  I got it for my son's first "big boy" bed after the crib and it's worked out really well.  I love that it's entirely upholstered and lower to the ground.  It took a while to assemble and throwing away all the packaging was a pain, but for the price totally doable.  I wouldn't say the fabric is "luxury" but again, for the price, it's really very nice.  No issues.