I'll tell you what, for being "lower quality" furniture, IKEA stuff really does well. My husband and I bought a bedroom set in 1995, when we moved from NJ to San Francisco. It was built in SF, then taken apart 2 yrs later and moved to Denver. In Denver, it was taken apart and rebuilt each time we moved to a new house (3 times in all). THEN, we moved from Denver to PA...one of the dressers didn't make it, but the rest - yep, taken apart and rebuilt AGAIN. Two years in one house, then FINALLY, last summer, we got rid of it when we moved to our current house. NOT because it was falling apart, but because I was so darn sick of it (and it only cost like $600 total for the bed, 2 side tables and 3 dressers in 1995). All in all, that "cheap, low quality" furniture lasted us 16 years! And one of the dressers is still being used in our guest bedroom - it's still in perfect shape! We also have a coffee table that we bought in 1995 - it pretty much looks like it did brand new. And it's been the "kids" table for a number of years, so it's taking a beating. But it still looks great and is really sturdy.
Obviously IKEA stuff isn't "pass it down to your kids" type of furniture. But for the price, I think the quality is pretty darn good. Plus while the kids small, who wants expensive stuff that they're going to ruin anyway? Now that our kids are older, we're *JUST NOW* starting to talk about getting "good" furniture. But then I look at the prices and styles and think "I could get something more my style for a lot less at IKEA..." and it makes paying big bucks for furniture really hard to do.