First the good. This bed was pretty cheap and looks nice. We have assembled a lot of furniture and found this pretty easy to assemble. I was happy with the color. I do think it looks grey, although more of a blue-grey, no brown undertone. We have a light grey quilt and it looks nice together. 
Now for the bad. The first is a point that we could have gotten from the description but didn't notice is the bed's height. It is made to use without a box spring but it's pretty low to the ground. In the product image, they must have the mattress on a box spring. We want to add a box spring but don't think the bed frame will support one so we may need to build our own supports. Which brings me to the second big problem. My husband's side of the bed has collapsed a number of times. He sat on it one night and bam, the slats popped out of their supports. My husband is 6' around 200 lbs. Not at all fat and under half of the product's weight limit.