It's exactly as advertised.  It is a simple but modern piece of furniture and great quality for this price point.
It adds character to my room without taking up much space, and helped me to better organize entertainment center pieces (receiver, game console, etc.).  It took me about two hours to assemble alone.  There are a lot of pieces and a lot of screws, so getting started can be a bit daunting, but the instructions are simple and straight forward and all of the pieces are labeled with letters.  I advise using a power drill.  A hex key is included, but you also need a cross-point screwdriver.  I used a power drill for both and it sped the entire process up.  Assembly will also go much faster if you have more than one person.  All of the parts and holes lined up perfectly.  Overall, I'm happy with my purchase, assembly and how it looks.