I really like this hamper.  I keep it in a bedroom closet where it takes little space.  It's lightweight, holds a washer load+ with no problem.  Easy to carry up or downstairs.  Pops up and closes down without difficulty.  Well worth the price & comes in multiple colors.  I could see this being used to hold stuffed toys in a child's room and for other light to medium weight storage options.  

Pros: No assembly, light weight, multiple colors, well-made
Cons: Can't think of any except that one couldn't transport anything heavy, but it's for storage anyway.