Exactly as advertised.  Seat well-padded and very comfortable. Swivel is easy and silent.  
Reduced the score by one star because, on assembly, one of the legs did not fit into its ring location as snugly as the others, leaving me with a slightly wobbly stool, even on a level floor surface.  However, this was easily fixed by unscrewing the small "foot" on the end of the leg and adding a couple of washers (total approx 3/8" thickness) before refitting the "foot" to eliminate the imbalance.