I never used to be a person that hung on my guitar on my wall, but I am now! My wife got me this for Christmas and I absolutely love it.
I screwed this into a stud on the wall just to be safe, since my acoustic guitars are valuable. I have two of these (different colors to match the wood of the guitars), and they look fantastic.
Everyone comments on how nice my guitars look on the wall the moment they walk in. The interesting thing about hanging them on the wall is that it encourages me to play more. The guitars are so accessible because they are hanging right in front of you, that I find myself playing a lot more than usual.
The padding on the holder is a great feature, and this is extremely sturdy. 100% recommended!