We used it for nursing our kids, cuddling sickness upset kids, and reading to them before bed, later they would sit in the glider and read! I think the each had one in their room until we re-did their rooms at age ten.
Definitely worth it. For kid #1, bought a brand new one. Kid #2 bought one used off craigslist. Both worked just as well, both had ottomans too, one cost $$$ and one cost $50. Go for a used one!