Feature:
I really like the lever system, and the seat adjustment. The legs were really nice and easy to use (better than Pearl Eliminator's legs- instead of rotating the spikes for Pearl, which is a pain, the spikes slide in and out on the Tama which is easy and fast). However, the tension adjustment for the spring is just a normal notched plastic knob, which is all fine and good, but not as nice as the Eliminator's.

Quality:
Excellent quality, the stand has held up quite nicely (but as I said before I don't gig with it, which is the true test of quality). No cosmetic blemishes, no loose parts.

Value:
I think it could be a little cheaper. It's basically the equivalent of the Pearl Eliminator. I've messed around with a Eliminator stand/pedal combo that my friend had, but not enough to recommend it over the Iron Cobra or vice versa.

Desirability:
It looks pretty slick, especially next to an Iron Cobra double pedal. I like the way it looks better than anything else, besides DW9000 (you just can't beat DW9000's look). On a side note, if you're shopping for a pedal as well, research the difference between rolling glide and power glide carefully. I got a power glide, but I'm thinking I should've gotten a rolling... oh well

Sound:
This stand is extrememly sensitive- most stands either the cymbals are opens or closed, and you control the sloppy sound manually with the seat adjustment. With this stand though (assuming you have good enough control of your foot) it will register the slightest motion, and you can achieve practically any range of sound you want out of your hats. The seat adjustment is also flexible.

Support:
I got a drop clutch that 'sticks' the tension rod with a T-bolt rather than the clutch that came with the stand that 'clamps' the rod (much gentler on the rod). My rod has gotten dented, so I might look into getting a replacement, but I haven't tried yet. So if you stick with the original clutch, you should be straight. So, yeah, I haven't needed service yet.

Overall:
I think I've covered just about everything- a high quality, slick looking stand that I hope will last me for the rest of my drumming days.