This is quite similar to the only slightly more expensive Manfrotto MS0490A. The differences are that this one does not have the adjustable leg for uneven surfaces, this one is all black (parts of the MS0490A are red), it has no sand bag hook, and it lacks the ability to detach the centre pole to be used as a monopole. I suppose this one might be desired for being slightly less distracting when used in concerts, but bear in mind it really can only be used indoors on flat floors.
I use it for hoisting microphone arrays above head head height for recording classical concerts (it remains stable up to about 2.15m).
It is a light stand - as in it doesn't weigh very much, so it is much preferable to standard mic stands for travelling. The aluminium construction seems good and there are no sharp edges. It folds down small enough to fit into a back pack. Beware, cheaper light stands don't fold down to such a short length.
It comes with a thread adapter which means it can be used with cameras (1/4" thread), European mic clips (3/8" thread) as well as photography lights.
It's a shame Manfrotto don't include a canvas sleeve with this as the adjustment screws have a tendency to catch on things in transportation. I hope this doesn't result in damage.
I just drop a few stars as I think this should be cheaper by a bit more than the MS0490A, considering the features it drops. I only got this one as the MS0490A was unavailable when I needed to purchase, otherwise it's a solid, reliable light stand.