I know that my followers are divided in regards to using pallet wood as furniture material. I personally find it a great resource that can be used in making so many useful pieces of furniture for inside your home or outside.
Mainly the complaints about pallet wood are about the quality of the wood or that pallets are very difficult to take apart. Taking pallets apart can be made easy if you are willing to purchase one of the pallet busters like the one here. As for the quality of pallet wood, I have posted before about a guide on how to choose pallets with good wood quality.
The link below has a few ideas for pallet woods that you may like.