It's a simple stand, that performs well if you're just leaving it in the studio. It probably won't be very reliable if you're on stage, but so far I lack that experience to judge accurately.
I'm usually not a fan of floor stands as they give me the feeling of taking up too much space, but since I can't drill any more holes on the wall of my rented apartment, it works well, and if you have a full sized, or jumbo acoustic, you won't even really notice the black stand behind it.
So... Yeah, why not, right?