The good: The set looks very similar to the photos, was easy to assemble (about a half hour), and is very comfortable.
The bad: It is cheaply made. The finish is uneven, the wood has some rough edges, and the furniture cracks during assembly. I've had it for a few weeks and it appears to be holding up well, but I'm concerned about getting splinters and I don't know how long it will last. You get what you pay for.