The quality is good and I love the style of the headboard.  For the price, the leather quality is quite good.
It just required assembly of the two legs to the backboard, and then to the bed frame.  Comes with an allen wrench so no tools necessary.
The headboard is not very sturdy when attached to the bed frame, but it against the wall, so it's not really to much of an issue.  My guess is most headboards attached to a bedframe probably aren't very sturdy due to the attachments being so low to the ground on most bed frames. 

Pros: Really nice headboard.  Looks more expensive than the price paid.
Cons: Not very sturdy attachment to bed frame.