We are extremely pleased with our purchase.  The wood is solid and sturdy, and has a great rustic feel to it, which is exactly what we wanted.  The futon mattress is purportedly very comfortable to sleep on, and it makes a nice and handsome addition to our home office as well as serves as additional bedding for unexpected house guests.  As others have noted, the instructions for assembling the piece are needlessly complicated, requiring the assembler to move from one instruction booklet to another and then back again.  Assembly also requires two people, but in the end, it was not too complicated to figure out and give you a real sense of accomplishment upon completion.  

Pros: Comfortable, handsome, sturdy
Cons: Assembly a bit complicated