Product review (5 stars): Very satisfied for my purposes
Bought this product a year ago.  Noticed a lot of negative reviews from people that seem to be borderline collectors.  Not sure why they would even consider a product in this price range.
Very satisfied for my purposes!  I buy mainly $15 to $25 reds.
As I recall, it did take some time to get to my desired setting (62f -- don't think I ever tried going lower), but it got down to low 70's/high 60's pretty quickly -- which should be low enough to prevent any damage to a $20 wine. (Note:I bought the product in the summer and I'll usually let my place get to the high 80's before turning on the ac -- pretty much the reason I got this.  So it might work a lot quicker if you keep your place cooler).
It's very quiet.  I never here it.
It will hold 24 typical shaped bottles on the 6 racks.  It will hold 4 wider ones under the bottom rack.  28 total!!