Pros : This solder stand is designed with a double barrel mesh in which the hottest part of the solder iron is encased in the inner barrel and the outer barrel holds the remaining part of the solder iron. Keeps the heat contained with fewer fumes and is quite a bit lighter than the standard metal stand. Not to mention if your arm happens to rub against it you do not get the burns as with the iron stand.
Cons : You do not have the opportunity to adjust the angle of the stand but you really do not need to anyway because it is already at a great angle.
Other Thoughts : For the price, the weight, the lack of solder fumes, the perfect buy.