We used one for DD, one of the old cane ones. We were at my parents for the first week or two after leaving hospital, and there was no way a cot would've fitted in the room. It was fantastic for me after having a c/s as it meant she was right there for me to pick up if i wanted.

Mum got rid of it, so we spent a long time debating if we should get another one or not this time round. The cheapest we could find was around $150, which we didn't want to spend considering DD didn't spend all that long in hers.
I then saw one in the Target catalogue on sale for about $90, so mum put it on layby for me.

We have picked it up, but not taken it out of the box yet. It will be used at my parents when we leave hospital, and then when we get home, we will have it in our room.
We made sure it had wheels so we can wheel it from room to room, plus it's also the height thing so I don't have to bend over the side of a cot after my c/s.

My only concern was that I didn't get to see one IRL, so I don't know how long it is? But brand new, with stand and wheels for 90 bucks, I don't think I will be too worried about how long it lasts. I really think it comes down to your personal preference. What works for you may not work for someone else and vice versa.

We also have a king bed, so no room for a cot in with us either! Yet another reason for us to have one.

Nic