Haha - DH saw this on TV the other day and called me over. It looked...interesting, until we saw that you have to clip the shirts on. Even my DD commented that you can fold a shirt in the same amount of time it would take to clip it on!
I'm trying to convert as much of my laundry to hung up as possible, but DH is holding onto folding.
We hang pretty much everything, even t-shirts. I LOVE it. Much less likely to get wrinkles and so much easier to look for clothes. Before, whenever any of us would pull something out from the bottom of a pile, it would inevitably mess up other clothes. (and yes, I know you can pull things out neatly - but no way my DH or DS would have the patience or interest).
I did have to set up an extra closet system across my entire bedroom wall to have enough hanging space though (older house with only a small closet in the master). LOVE hanging all my clothes!
For travelling, I lay my clothes flat. Sometimes, if space is not at a premium, I even pack my clothes ON hangers (SO much easier to unpack in hotels - just take them out and hang them straight into the hotel closet).
What a waste. I don't enjoy folding laundry but it's not exactly a hugely time consuming or miserable task. I will have to try the Japanese method, looks awesome. The only really bad part of folding clothes for me is socks. I hate finding the matching sock with matching wear. I would like to toss all my socks and start fresh with a large amount of the same few models and cycle through all to ensure even wear and aging but I'm too cheap for that. In any event, for $800+ that thing should handle socks too, and be fed with a hopper.
My DS is in a kids 5, I am a woman's 7, and my DD is a woman's 8. The 3 of us share socks and have for years. I buy the exact same black sports socks so I can always find matches, even when I have to toss socks (when they get holes). It's been SO much better! Of course, my friends laugh at me because I buy a dozen pairs of socks at a time. I don't worry about cycling them through evenly. I buy a dozen pairs, toss them into the drawers, and eventually they all get used at more or less the same rate (my DD is more picky about even wear so she'll match up the newer socks for herself).
I do have a couple of other pairs of specialty socks for various other uses, but 95% of the time, the black sport socks work perfect 95% of the time (even for work as long as I'm wearing boots).
In the transition, I didn't toss my old socks. Just bought a large-ish stack of the new socks and entered them into the rotation. Eventually, the old socks were used up and gone - only a few pairs none of us like are still hanging around.