We have had this bed about 6 weeks now, and love it. It looks great, and the dirt smudges have wiped off with a dry cloth (which they would not have with real leather).
Disclosures: it is faux leather, the nailheads are a strip with every 5th nail sunk, and we did read the recommendations to have the deliveryperson wait while we opened it to inspect for damage.
It came in great shape, went together easily, looks fabulous, and is very sturdy, with an extensive wood slat system.
It looks classy and is well constructed, for a reasonable price; no complaints.