It's a good drying rack with plenty of pegs, and is sturdy and well made. Having said that, I have a couple of minor complaints. I feel like the drip pan and the backplate never really feel secure to the drying rack. The drip pan just slides in the side but there should be some kind of a groove or divet to let you know its in there and to help it from sliding if moved, but there is not. It's just kind of loose. The other is the backplate, which in my opinion is useless because it makes labware take longer to dry. That also just kind of hangs off the steel wire frame with no real way to secure it to the drying apparatus.
Lastly, I think it's overpriced. I paid $88.99 at the time of my purchase, but I think this should be closer to $50 given it's simplistic nature.
All in all, I still give it a 4/5, maybe closer to a 3.8333 (repeating, of course) out of 5., because I use it regularly when washing labware at the sink.