I've purchased a couple of these for myself and one for a gift. It's the best place for hiding the knitting I'm working on, the magazines I'm reading, whatever has accumulated in the room.  When I'm not using it, I can fold it back down into the lid and it fits under my couch, or between chairs and still doesn't look out of place.  This is my favorite thing I've bought all year!

Pros: They are sturdy and assemble and un-assemble without any trouble.  
Cons: I bought the fabric ones because of what I've been reading about vinyl.