I got this guitar stand when reached the number of 3 guitar - 2 electric and 1 acoustic. I have been using it for a couple of years now and it is perfect. Brought it with me on stage for a couple of a shows, where I ran into the problem of quickly switching between guitars, but nothing too bad.
Pros.
1. Light. This guitar stand is really lightweight.
2. Stable. Stability is good with this one. Have not had any instances where the guitars have fallen out or anything similar to that.
3. Easy to move it and carry it around as well as setting up. It is one piece and it fold together, so it is perfect for carrying around. Since it folds up, it can take up a bit of space, but not so much to cause annoyance.
Cons.
1. Bit tricky on docking guitars quickly. When it comes to quickly switching guitars while playing live, it sometimes gets tricky on docking the guitar, because every time I did it live, I had to put it down carefully and make sure that it sits in okay, because the guitar head stock would stay a couple of inches away from the resting point (handle at the top).
Overall - a solid guitar for 3 guitars (2 electric, 1 acoustic). Highly recommend.