My shipment from HobbyKing arrived today.  Among a few other things, the new Quad Frame V1 was in the box.  I  was pretty excited to get this and see if it was worth the $14.  

When I opened up the shipping box I noticed that HK packaged the frame parts in its' own box instead of having just a bag of parts.  I opened that up and to my surprise, the arms had been pre-assymbled!  Everything was grouped and packed nicely in bags.  The only thing that I did not see...Instructions!  Who reads them anyways, right?  

I pressed on and started to dry fit everything.  All of the pieces clipped together nicely and in no time, I had the frame mocked up. I am very happy with the construction, it seems to be well done.  The only thing that I think will be a problem is the landing gear.  Right now it just seems too flimsy to last.  I did not glue/screw anything together yet, but I don't think that will change much.  Also, as you can see in the first photo, the gear orientation is for + flying setup only.  I'm sure I can mod it to work for X without much effort.   I was wrong, I figured it out.

Overall I would have to say that this frame will do just fine.  Once I get everything installed I'll give you all an update, but at this point I would easily recommend this frame, especially since it cost less than I paid for the materials to build my own.  Mine did not have gear or a camera mount!

Here are some stats and additional photos, I hope it helps.

Motor to Motor distance: 19.5"

Ground Clearance (without camera mount): 4.5"

Inside area: ~5"

Inside Height: 2" 

Dry Fit Weight: 5.7 oz