Yakima, thank you.
I really think this is a good product. I have had lots of experience with the T2 from Thule but I came across a good deal, (like the one here on this site!!!), on the HoldUp, so I went for it. Im running the 1 1/4" hitch option and it is sturdy with 2 bikes at around 30lbs. each. I think its a bit lighter than the T2 as well. It folds up all nicely but the only complaint I have is that is seems to wiggle a bit on the main pivot point when the rack is in the upright and unused position. I put a thick piece of rubber with adhesive back on a strategic spot to tighten up the wiggle, but I am pretty anal about that stuff. You might not care. All in all a great rack. Get one for you and all your friends if you got the dollars!