I got this bed for our spare bedroom and it looks terrific.  Only needs a mattress.  The only thing you need to do is get sturdier bed rails.  I used 2 x 4 s and they work perfectly.  Great looking bed and you can't beet the price.  Doesn't take to long to assemble either.   

Pros: Great looking, easy assembly
Cons: Bed rails ( or mattress supports) need to be stronger.