For my needs this piece is fine.  However, quality is fairly spotty and if this were to go in a high traffic / noticeable area, I probably would have returned it.   Although the construction appears to be solid and the French cleat used for hanging is really a nice feature, the finish is un-even with runs and drips noticeable throughout the piece.   Also, the hardware (screws) used to attach the hooks are dissimilar.  That is, some of the screws are significantly different than the others - larger head, different finish.   Although this piece will serve its purpose, I will think hard before purchasing another piece.  

Good value, solid construction.
Finish has noticable drips and flaws, hardware is inconsistent