We bought this for our son 2 years ago, and it's still going strong. The bed is a great quality for the money, although I paid a bit more for it 2 years ago. The drawers open and close smoothly, and are very sturdy, even though they aren't actual wood. My 2 year old daughter sometimes even sits in the drawers to read her books. There is plenty of storage to it. 
We did not buy a headboard with it, and now I wish we had. I definitely recommend a headboard of some kind, because my son's pillows slip off the mattress between the wall sometimes.