I got this for the firehouse errand bike and folks thought that I hid the bike from them. It blended right in with all the other equipment and we had more floor space! I'm going to have to clean up my garage and maybe by two more of these!
This system allows you to fold up loaded bike racks along the garage wall, since we have 5 bikes, it was like adding 2-3 feet to the width of the garage. Doesn't work well for deep dish rims (greater than about 40 mm, probably not a good idea to be hanging bikes by carbon rims anyway).