We've had this in our kitchen for 6 months now and it is great. The opening mechanism works perfectly, and the brushed stainless steel shows no signs of wear.
One word of warning: If you are buying this because you think it will go flat against a wall then you need to be aware that it needs some clearance space (about 5cm) for the lid movement. It's actually quite annoying because your natural tendency is to want to push the bin flush up to the wall, but if you do so and try to open the lid it will bang loudly against the wall.
So, really is a great bin, but be prepared to leave distance between it and the wall.