I primarily use this to hold a snare mic (Beyer M201 mostly), a job which it carries out admirably. It also handles other strange random tasks I throw at it (as a stand for a drum practice pad, or for film lighting diffusion gels) without issue. The colour-coded bands are a very nice touch.
When a tighter/stronger grip is required, it does get a little fiddly to tighten down the main vertical section, but even when throwing heavy "Source 4" par can lights on it, it doesn't budge.
The big round rubber tightening knob is very ergonomic, and doesn't break your hands like the more common "t-bar" design.