iWalk -- Cool or Not?

Geek's buddy Popgadget just recently posted about the iWalk which is headphones that allow you to slip a first- or second-generation iPod nano into the iWalk's dedicated slot and go. One thing comes to mind, "Look ma, no hands!" Hold on to your gym shorts though. It's not available yet but when it is, it will retail for about $60.
Besides it looking kind of funny, the iWalk could be useful at the gym or while jogging at the park or when jamming to Fresh Prince and Jazzy Jeff on your boom box back in 1983...
Still, I am wondering what you guys think -- iWalk, cool or not?
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