I've been looking for an exercise bike within my budget, and finding one with a small footprint was even better for my crowded apartment. It took me about an hour to put it together (handlebars, seat, peddles), some of the bolts are in tricky places and the tools they provide aren't the best, but it got the job done. I wound up taking off the handles under the seat, because unless you're skinny, they poke into your legs with each peddle downstroke.
Pros: very quiet, doesn't take up much room at all, easy to move and yet sturdy, fairly comfortable up to at least a half hour of sitting, and adjustable seat height (four settings) is plenty high enough for me, something I was concerned about at 5' 11"
Cons: recumbent handles are too close to the seat for comfort.
Peddle resistance could be stronger although it's not so much an issue until I build up my leg strength, and it is fine for my needs (encouraging myself to exercise while watching TV, instead of sitting on the couch). There are 8 settings, 1 is no resistance at all, I usually have it set on 5 or 6, and bump it up to 8 towards the end of a half hour session.
All in all, a great little bike and you can't beat the price. (Posted on 7/25/12)