Reb just about covered all the "dis-like" issues! Weight, noise, sticking out away from the tree!
To me, weight is not any worse! A little heavy, but compact!
Noisey, nothing that a little set-up practice can't cure! I've had deer walk right under me while climbing before!
Most important for me are safety, and comfort. You can find safety , and you can find comfort with other stands, but I doubt that you can find safety AND comfort that matches the level of the old Treelounge!