Purchased queen sized version of this bed on sale for $268.

PROS:  Modern and sleek - looks exactly like the photo, as if it's floating! Very easy to put together.

CONS:  Base has no grip so the bed slides across our hardwood floors very easily (I can nudge it with my knee if I apply a bit of pressure and I'm a 5'1" woman, 95lbs). I plan on purchasing a rug pad to prevent it from slipping. Slats are not very strong - one of them cracked when my fiance sat on the bed (he weighs ~150lbs). 

SUMMARY:  Worth the price if you buy it on sale for $268 (like I did). DO NOT BUY FULL PRICE - definitely not worth $838.