A big improvement with the jaws at the top.  But there's an issue if you use this stand for gigs.  If you collapse it for transport, the jaws at the top spin around (expected) but there's no locking mechanism to keep them on that side.  So there's the opportunity to get your fingers pinched (which of course is not good before playing a gig).  A simple clip would have improved the travel usability tremendously.  I have a heavy duty rubber band on the top, but its a bit cheesy looking.