When my sister and her husband inherited it they did a little work on it, replaced the mattress and replaced the stretchy metal base with slats and tightened things up. I am just not sure it's safe enough. Choice has a guide which it does meet. (although only for what Choice calls the 'upper position') I am a little worried about the latch and the top of the cot as a catching hazard. Here's a picture:
I think Simplicity 3795 is pretty good for bedding. I love the box pleated valance out of the dots and will definitely make that and the sheets in the Spring leaves fabric. I think the pillow would be good for a chair in the nursery too.
The rest ranges from optional to strong dislike. I am tempted by the bumper, but probably won't because of safety. If I don't make the BBBB and have fabric left over may make the quilt. But not the net, I hate the flowers too and the round toy thing, don't know what that's about!