I have one similar and have one side up right now with a suitcase on top of it because I'm packing for a quilting retreat next weekend!
Normally I keep it folded down till I need to use it. It does not take up much space when folded down and is a nice big surface when it's up. They seem to have made the legs more sturdy than the one I got, which is nice to see, because mine can be a little wobbly if I'm not careful. I also have the mat that fits on top of it. When the table is collapsed down, I hang my cutting mat behind a door (hubby put holes in the mat, and put nails in the studs behind the door to hang it on).
I definitely recommend getting this table. :thumbup: