I bought one last weekend. Seems like a heck of a deal. I am glad to here that assembly was easy.
Yes, just lay out the individual parts bags in the order they're marked and look at the diagram for each step.
I also like the swing-over rail as opposed to the fixed rails that were once available with earlier versions of tripod stands. I had two of them and it was always somewhat of a hassle to climb under the front rail to get onto the platform and into the seat.