$349 sofa

Someone over at Livemodern asked about an affodable modern sofa, and this one from Scandinavian Designs came up. I thought it was such a good deal that I would at least mention it to everyone. Its called the Kiel Futon, and it is adjustable to three different positions (see pics). Available in grey microfiber with aluminum legs (as shown), or camel microfiber with black legs. Not a bad look for the price, I just wonder if it is durable? Anyone have any feedback?

***UPDATE***

Search around for the "Kiel Sofa" if you are looking for this.  It looks like bydesignfurniture has it in a faux leather for $498...

Also if you are looking for a cheap sofa, look at our Chelsea sofa for $649 post...

Please excuse me while I pay some bills...