The bracket does as advertised. I recently purchased one to mount a 46in Sony Bravia LCD weighing 41kg. Delivery was exceptionally quick, item was well packaged.
The instructions where easy enough to follow. Measuring the wall for the ideal location being the only time consuming part.
It's worth noting that accuracy with getting the initial markings level is key, but minor deviations from true-level can be accounted for as the bracket slots are slightly larger than the supplied coach-bolts and so do allow for some post fixing levelling.
The mechanism for tilting works well and the supplied knobs are sufficient to lock the TV in position once the ideal angle is found.
The bracket IS deep as stated elsewhere in other reviews, and the TV does protrude from the wall quite significantly. While this does allow access to the sockets on the back of the TV, some could class this as unsightly.
I would suggest going for a fixed bracket if you absolutely HAVE to have the TV close to the wall (one that does not allow angle adjustment) if you can get the TV to a comfortable viewing angle, and if you plan to channel into the wall for the cabling. I did look into other brackets in order to get the TV closer to the wall, but the inability to angle the unit and the requirement to channel the walls was not appealing to me.
In any case, this is such a good price for a solidly built product, that if you decide later to change, you've not lost a stack of cash.
Do not expect a lot from the supplied bracket bolts. None of the sizes where appropriate for the Bravia and I had to find replacements at a local ironmongers, with the length of the bolt proving the main problem.
Overall, I am very pleased with the bracket and it is definitely excellent value for money.