I previously purchased the smaller faux leather square storage ottoman in patchwork (http://www.overstock.com/Home-Garden/Square-Ottoman-Trunk-with-Lid/2678991/product.html?rcmndsrc=2) and frankly, in person it looked incredibly cheap and ugly. Additionally, it began to sag in the middle from using it as an extra seat and footrest. I lived with it for a couple of months, and decided I needed something that looked real and was better quality. I was concerned at first that I'd run into a similar problem (looks lovely on screen; looks and feels cheap in real life).
This ottoman is lovely in real life. It's large enough to seat two people around the edge comfortably; the material is a dark, rich leather (I think it's real, though not as soft/supple a leather as the leather frame mirror also found on this website: http://www.overstock.com/Home-Garden/Elayne-Black-Bi-cast-Leather-Floor-Mirror/4037639/product.html), and feels extremely sturdy. The storage capability is super roomy. My boyfriend loves this ottoman. It does triple duty: makeshift "table"; extra seating; footrest. It's perfect for our small NYC apartment.
Small sample time, but I've had the ottoman for about a month now, and it still looks perfect: no sagging, puckering of material, etc. I give it 4 stars because I'm not sure if it's real leather or a really good faux (I believe another reviewer felt it wasn't real leather).