The pros of this product are:
1) that it folds down when not needed, and depending on the height of your door can possibly remain extended.
2) it holds enough weight that I'm not concerned about it collapsing on me if I hang 5 pairs of pants and 10 shirts
3) provides the additional short term hanging solution that I was seeking while doing laundry

The cons of this product are:
1) the holes are barely large enough if you use the plastic hangers.  The are fine if you use the wire hangers or the metal and plastic hangers.