Convertible Suitcase or Convertible Chair?

This has been on a few different blogs, but it it fits the niche of The Portable Life so well, I felt it must be posted here. I believe the idea is that if you live in one of the traditional 500 square foot New York City apartments, its hard to find a place to stow your luggage. Problem solved, and this means one less chair you have to look for on the curb on recycling day. How great would a set of these be for someone who moved a lot?

(Follow the link to more explanatory photos)

Suitcase Doubles as Chair, Doesn't Make Transforming Robot Noises Pics