Yup, it really is that good.
Rock-solid sturdy, easy to use, stores conveniently in any corner. Holds the frame securely (sometimes takes an extra crank after you've been tinkering with it for a bit, like someone else noted, but I don't think this is a big deal), and it's super easy to rotate the bike around and change the height even after you've mounted it on the stand, which is major plus. And that zippy red finish...rowr. It even looks good in the living room.