I bought this more than 5 years ago and it's in perfect condition. I've used it for ukuleles, mandolins, violins, banjos and mandolas, nothing's ever fallen off it. When folded out, it's got a wide base and is extremely stable.
It's quite heavy for its size, very solid and still a little bulky when folded up, it probably won't fit too easily into your instrument bag, calling it "Travlite" is a little misleading.
Other than that, it's great.