Like another reviewer, I thought this was a great idea - we've used it as a handy day bed for our second son when we're away visiting family / friends for the day. It's really easy to assemble / take apart, and does fold up beautifully neatly into the carry case.
However, the so-called deluxe mattress that comes with it really doesn't fit that well, leaving a gap of about an inch along the sides, which increases to a couple of inches at both ends. It doesn't matter too much now while he's still small, but I can see it becoming a major nuisance as he gets bigger and more coordinated, as he will no doubt be sticking his hands in the gap a lot. I would be tempted to try and get a better-fitting mattress if a) I hadn't just spent over the odds to get what I thought was a complete solution; b) I thought someone out there actually made a mattress that fitted properly.
I'm unclear whether the mattress supplied in this set is also made by Samsonite or by a 3rd party, so don't really know what I can do about it, so we'll probably just make do.