I have a stool almost identical to this one (mine's blue), and I love it. It's every bit as functional as it seems, and because it looks so damn good, you never have to feel like you have to store it away between uses. By the way...that gorgeous color looks to be pretty close to the 2012 Pantone Color of the Year: Tangerine Tango. Legit.
This similar, baby blue one is pretty sweet too.