The biggest problem I've had with cheap mic stands is falling over. Microphones (at least LDCs and ribbons) are heavy, and particularly if you're using a boom, they tend to raise the center of gravity a lot, so the stands tend to tip very easily.
The other problem I've had with cheap mic stands is failure of the rubber grommets that the cheap ones almost invariably use for the boom arms. (Well, a lot of boom stands use rubber for providing the grip, but the hardware around it is relevant here.) Those types of booms can't be tightened down enough that they don't slip, and if you try, you end up distorting the rubber and they'll never work right again.
The stand I see in that picture appears to have both of those problems. If you really desperately need a lot of cheap stands and don't care if they last very long, go with those. Otherwise, I'd stay away.
The cheapest tripod stands I'm aware of that are worth using are built by Tama. You can get them at Guitar Center/MF, and they're about $55 apiece. I use one as part of my drum kit. It holds two cymbals and a rack tom.
As an alternative to tripod stands, you might consider a steel-base stand. Don't get one with a 10" diameter base, though. That's really too small for use with a boom. You really should use at least a 12" base (e.g. get an Atlas MS20 and add a locking boom like an On-Stage MSA-9500 or MSA-9505).
