It’s a rotating iPhone stand. It looks far cooler than the standard dock so you could use it for that.

It would also work as a movie watching stand. Maybe just a good place to put your iPhone, maybe your wallet or ID placed below it, next to your door so you can just grab and go.

Like I said, it holds the iPhone, and it rotates from vertical to horizontal, there isnt anything too terribly impressive about that. The company on the other hand disagrees with that previous statement since they are charging $40 for one of these.
PED3 rotating stand for the iPhone [via Pocket-lint]


























James,
You have most of it right! Though if I need to send you one of these HIGH quality American made SOLID steel stands so that you can justify this price I will. You will see from reviews around the net about our other products like the PED2, that we do not design inferior products.
Looked like plastic but if it is metal it might be worth it. Especially considering some of the other high priced garbage that is out there.
What about the BatRest. Far cheaper and smaller and it fit in your wallet.