The Flip Fold: junk or genius?

I've always been a sucker for an infomercial. Yesterday, a friend mentioned something about The Flip Fold, a contraption that sounds kind of asinine, too good to be true, and totally tempting at the same time, as all infomercial products do.

I looked it up just now and it's basically a template/board you use to fold t-shirts and sweaters into neat, uniform stacks. While there's certainly a part of me that feels this is somewhat of a useless gadget for obsessive types (and is totally suspicious about the company's claim that the ventilated panels somehow help reduce static cling), I'm actually intrigued from a space-efficiency perspective.

I'm constantly battling with my husband for more room in our shared closet, and I wonder if this would help maximize what I've got. The skinny flocked hangers I sprang for were totally worth every penny (seriously life-changing: it's amazing how much more stuff I've able to fit on the clothing rack with these), and I wonder if The Flip Fold would help me better manage precious shelf space.

The same friend also said she buys the kids version, so that she can fit an extra stack of tees on her shelf than she would with the adult version. She's really petite though, and I wonder if this only works for women who wear tees that are close to kid-size to begin with.

Has anyone out there actually tried The Flip Fold? And what do you think if so?