We just got it.  
Size:  Ordered 8' x 10'.  It's actually 7'8" x 10'5".  Too long by 5".  (Maybe they set up the loom after a big weekend.)  We have a 10' x 10' room.  A generous gift, if we had the room - but, no.  (It's actually a Safavieh.)
Quality:  The color is really that lush.  There's no sheen to the yarn, which allows for the depth of color.  It's a soft yarn (no twists) and not a thick shag.  But then, it's going into a low traffic area, so it's not a real concern for us for the moment.