I bought this and was skeptical before it reached home. Specially from the stability and balance perspective. I am using this for CORT AD810 E dreadnought acoustic guitar. It is fabulous. Great balance. I get interruption while playing many times, specially then its really useful. I personally dont like stands which hold guitar at their neck. This has been one of my most satisfactory purchase in musical instrument accessories. Portability is an added plus, very low weight and absolutely easy to pack and travel in the guitar bag. I wonder how come no one has written a good comment on this. of course Bajaao sent it with good packing so not mentioning much there.
I have not tried it with electric guitar but with acoustic guitars its nothing short of awesome.