Yes, wonderful for toddlers. Yes, dangerous folding/pinching mechanism.
I got this a year ago when my son was just about a year old. It served us great - he learned to climb safely and it gave him something wonderful to climb, instead of furniture like the changing table. Major con: as other reviewers have noted, the bolt loosens over time and it becomes really easy to fold, leading to an incredibly dangerous pinching hazard, especially when more than one child is playing on it. Also looking to improvise some sort of latch solution. Wish that it had a way to Tighten the bolts, which are hidden. Otherwise we have appreciated the ability to put it away in our small house. We’ve loved it so much that I’m now looking at buying the ramp/slide to go with it.
Rating: 4 stars