I like the velvet fabric and the gray color is as expected.  I have two issues with it - the 'adjustable' height and the smell.  It's technically adjustable but only by <2" so you have very little wiggle room if you want it taller (as I did.)
A little deodorizer spray and some time to air out will likely take care of the smell.
The glass beads in the tufting seem to be glued on pretty well.
It's a bit wobbly, not super sturdy, but well suited for a guest room.

I'm keeping it despite the height, mainly because I had already put it together and recycled the box.