I have a project studio/rehearsal room, so I need quite a few mic stands, and as it often happens by Murphy's Law, you'll need 8 at the same time when you just have 3-4 good ones.
For this reason, I bought several cheaper/lower quality stands, including plenty of Millenium ones.
It seems to me that the 2002 is the best of the bunch among cheap ones. The shorter stem results in additional sturdiness (relatively!). Besides, this height is just right for drums, percussion and most winds. It would also be good for amps, but personally I prefer other systems for that (clamps, mics hanging from their "tail", etc).
The normal footprint and low weight of this stand can make for unstable equilibrium. I would advise against using it with your boutique condensers, especially if the boom is extended. Well, common sense I guess.
Bottom line: A serious stand, suitable for real live use, weighs and costs 2-3 times as much as the 2002. Considering this, the 2002 remains a useful and reasonably priced addition especially as a spare/backup - while still 50% more expensive than the taller, flimsier and nearly useless 2005.