It's a shame that you're phasing out the wood stands. Those were really great looking stands.
Would I buy this one? No, because of the comments already mentioned (e.g. not being able to hide equipment, looks top heavy, etc). In addition, I don't much care for the bends of the metal tubing because it looks like a throwback from the 80's in terms of styling.
I think it would like way better if you kept the metal tubing material and redesigned with a facade of some sort on the front and sides. At least this way, you can still hide your equipment and would give a much cleaner look.
Hopefully you guys haven't committed on a shipping container full of these stands.