Also known as a freakin' FUTON! Come on Ben...

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doesnt seem like a good deal

They have very similar designs to this at target / walmart. I would assume this is of higher quality but a much greater cost.

looks very IKEA-ish

Great, another piece of furniture that #2 will never see action on..

Buy a couch as tho you'll be sleeping on it.
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You don't normally find micro-suede on standard futon's. That's big difference here. Also, most standard futons have just the single full up, full down folding. Also, it is definitely more plush-er than the standard couple-inch thick pad that you get at Wal-mart/Target. So those are some set-aparts.

Would be nice if I lived in apt or a dorm room, but I don't.

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Yeah Microsuede! What the hell is Microsuede?

@ #1, lol at FUTON

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what a expensive but nice futon

I can purchase a REAL sofa bed for less. Microsuede is a different fabric than normally used on futons, however it is still not worth the price.

Looks cool, but ridiculously overpriced and uncomfortable.

Expensive!!