There is no such guitar stand in this price range at the moment and the only other two choices around are much more expensive (M-Brace and Konig & Meyer). The structure is exactly the same as Konig & Meyer's and it does the job really well but the difference in price lies in the built as The Millenium needs a bit of attention in the upper part, specifically it's the joint between the stand and the guitar holder itself that looks a bit fragile but nothing to worry about, if treated carefully this stand will have a long life. The tripod is sturdy and the upper part is actually wider than the competition's, allowing more surface for the guitar body. So far I have tried it in the studio and live with great results, the guitar balances perfectly and the grip is reliable but haven't taken it on tour with yet so I can't say how well it can handle the wear and tear of the road.
Pros: Price extremely competitive and affordable, nicely built and great value for money.
Cons: Being a cheaper product, some parts need a little attention as they can easily bend or break if not used carefully but nothing to worry about too much and to be fair, considering there's nothing like that around for the same price, if it breaks I'd happily buy another one straight away!