This model is only for electrics, but Gravity has also acoustic and universal stands. This one is the most compact, of course.
Has 3 positions (wide, narrow and closed).
Angle is pretty small, so stand can be moved closer to your wall, for example.
Stable and solid.
Price is good.
Comes with additional black rubber rings to replace green ones. Gravity stands and accessories have this replacable "G-rings" feature, at first I thought it's only a gimmick, but honestly, it makes sence for some people: when you have a few similar guitars in band or on stage with bad lighting (as well as same guitars with different tunings), have some microphone stands for main/supporting vocals etc - it is easier to have colored stands to easily determine where is what :)