I only had a small space for a coat rack and wanted some shelving also.  This fit the bill.  The cubbies are a bit small, but then again, I only had a small space to deal with.  
It went together easily, but you have to be very observant while reading the directions.  It is important  to choose the right direction a particular board goes in.
It seems quite sturdy.  Had to have help installing it on the wall, as it is heavy.  
It does the job I needed it for... hanging winter coats and collecting gloves and hats.