Interesting, but only thing that catches my eye is it eats up a lot of real estate...
These basically can fit around the same amount of clothes, take up almost zero footprint in a room and the distance between each garment is adjustable... allows for more free-flow of air (no must), and clothes don't have that foldover wrinkle from the rods... best of all, when your done, it retracts out of the way... you can do two levels of the same with twice the amount of clothes... you could also just have one panel that their attached to at the end of a pantry that can roll in and out like your unit, take up dramatically less space and provide twice the amount of clothes to be able to be air dried (don't get the cheap ones though... this one can hold up to 220lbs.)... their sold in different finishes as well... other advantage is they're already on the hanger to put away, and in most cases, wrinkle-free because of gravity, removing a step from the process...
I came across it because we're getting ready to install it in a bathroom we're finishing that also has one of those closets for washer and dryer, and they needed a solution that could accommodate that setup...
View attachment 578249