I am using this stand for miking under the snare drum. The construction is very solid, the base is very heavy which helps keep it well in place. Overall I am very satisfied with my purchase and I highly recommend using this stand for a series of applications that require a low height -- miking under a snare, miking a bass drum, a small cabinet, etc. 
I have been using it for a couple of months now and I have not had any issues with it. Most of all -- because of it weight, it held it's position very well when moving other stands around and tripping over this one. 
Pros: 
- Very sturdy 
- Very good build quality 
- Rubberized screw-nuts make it very easily adjustible 
- The boom arm is extendable 
Cons: 
- None 
Warning: 
- The tripod can be a problem when used in tight spaces (under the snare there can be a lot of stuff you need to take into account -- double bass pedal/axis, hi-hat stand legs, cymbal stand legs, etc) 
- If you have a lot of clutter where you need to place the stand -- you might want to consider a stand with a circular base -- Gravity has a short model of the sorts