NOD Lamp: convenient nightlight or eyesore?

Here's a novel idea that we don't quite understand: a nightlight that holds your glasses, bedside reading, and cell phone. It even has a hole in back so that you can wire your cell phone or iPod charger right into it.

We can see this being useful, maybe, for our very near or far-sighted friends who are always groping for their glasses in the mornings. But let's face it, this lamp looks like a sideways division sign and costs a staggering $220. Seems like a little keys basket on your bedside table would do the trick just as easily. Meanwhile, there are so many more attractive and less expensive nightlights out there, like this moon one and this adorable Chihuahua-shaped model.

NOD bedside light, via BLTD