It is as pictured. The headboard is a bit taller than most which I love. I also wanted the headboard trim to be thick enough for my cat to sit on as this has become her spot. 
Not sure if this is supposed to be a platform bed...if I only put a mattress without a box spring, the headboard wouldnt even be completely covered. But with the box spring the mattress is a bit high.
Also it was easy to assemble - almost a 1 person job and fast. But the headboard isnt too sturdy, it will wobble when I lean on it in bed and I havent even taken it for a full test run - the grey is pretty and has a bit of a sheen to it. 
Its pretty nice considering the price - all in all Im very happy!