We bought this tricycle for our three-year-old and had the same problem as everyone else here has - the steering on the handlebars just doesn't stay put. We've had to adjust ours numeous times too. It gets used, but it just isn't all that safe. You HAVE to use a helmet with this guy because it's VERY easy to tip over, which is a huge deal for the age group for which this is intended. It's nice that they kept the classic styling but there's one thing they shouldn't have kept - how dastardly easy it is to get your foot under that back bar and scrape the top of your foot! I did that a zillion times as a kid and now, I'm doing it again with my child's bike! I HATE that! And, I have the scars to prove it.
All-in-all, if you like nostalgia, then by all means, avail yourself of this product. But quite frankly, I'd buy something else more study. I definitely DO NOT RECOMMEND anyone letting their child use this product unsupervised. It just tips over way too much. I get the willies each time I see this guy go down the driveway. Good thing I've been there each time this thing has tipped over.