This is just what I needed for my small laundry room. Mostly everything  goes in the dryer but I needed a place to hang clothes as I iron them.

Pros: This is nicely made and folds neatly and compact when not in use. I have used it to hang several freshly ironed blouses on it but haven't used it yet for anything wet so am not sure if there will be a weight issue.  
Cons: No cons, so far.