First, it does hold records just fine. I have about 20 sitting on it right now. I don't feel like its going to break. The Wood is solid and the plexiglass doesn't bend under the weight.
Now the negative, When assembled it is only a friction fit and loose fitting at that. If I have to move rack or adjust the records, the whole thing needs to be carefully repositioned to prevent the whole thing from falling apart (wood and plexiglass separating) I will be buying another rack when I get enough records.