This stand is great for holding guitars in a visible and compact way. I prefer the design to the "bookshelf"-type stands where the guitars are all facing each other, and you can only see the one on the end.
Some other reviewers didn't like the safety hooks for the necks, but I have grown to love this feature. They come unclamped easily (you just press downwards), and don't require a lot of hassle. This is particularly nice when you want to move the entire rack, which I do frequently to vacuum in the studio, etc.