Awesome product.  This frees up tons of space by allowing frying pans and pots with long handles to be hung.  I would prefer stronger metal anchors when studs are not available.  So far the plastic anchors are holding with the pegboard moderately loaded.  4 stars due to no heavy duty metal drywall anchors.  I may change mine out to metal if I notice any sagging.  Install took 30 minutes and was very easy.  Note:  You will need a small level, screw driver (phillps) (drill optional), pencil, tape measure, and hammer.