If i could give this basket 3.5 stars, I would.
It looks super nice, enough that I ordered a second because compared to most any other laundry basket out there, it looks good and is an alternative to virgin plastic which I try to avoid when buying something new, and I needed more than one. 
The cons are that it's very small compared to a traditional laundry basket, and slightly inconvenient in that it doesn't stand up well when not full (so it can be pretty annoying when you're trying to put a load of laundry from the dryer in it). 
If it were bigger, it being so collapsible would not bother me. But it also won't fit a load of our standard laundry so I find myself more frustrated with it than happy. All this said, I still wouldn't discourage purchase if you're looking for a more eco friendly laundry basket since there are very few large options out there- just know what you're getting in terms of size and function!