Mike and I bought a futon. The room in our apartment that has the TV in it was pretty bare and uncomfortable. This futon is awesome. It's really comfortable and the cushions are thick. The back part is split in half and you don't have to just put it back all the way. You can put it back just a little so you can lean back and watch TV or whatever.
It cost about $200 - no tax - and it was delivered and set up for free. We're so happy with the purchase.