I have 2. Love them. Just introduced some of my quilting friends to them. Because of my "old eyes", I have a difficult time trying to thread needles, particularly the small #10 quilting needles. These really do the trick for me.
One has the stand and it does make it more stable. Also, I have found that if your needle is bent, it won't thread it. I have bought some as gifts. I think it is definitely worth the money.