I have not seen one reply to this thread by an Ikea owner claiming it's quality furniture. I think you get a good product for what you are paying for.
I am a part time woodworker making furniture pieces for sale. I don't feel threatened by Ikea. It fills the needs of a certain market that either dont want to spend a lot of money on furniture for whatever reason or can't afford to. This does not affect me. These people would not buy from me anyway. Given their budget, if Ikea didn't exist, they would be buying furniture from Goodwill or a resale shop.
I am not competing with Ikea. I am competing for $$$$. My major competitors are the gasoline companies, the farmers, the food stores, the drug stores etc.

Let the games begin.