Love it.  It's exactly what we were looking for although we have not actually tested opening and sleeping on it yet,  The fabric is great - I recommend ordering a sample first to make sure it's what you want as it is not a good idea to go by what you see on your computer screen (I have two of them which look totally different so I am aware of this issue.)  
I also really like the design, which manages to fit a queen-size mattress into a sofa which fits into a small space.