has been making the blog rounds, found via velorution made by InOut designers. It is meant to take up a car parking space with one for 6 bikes. Nice idea. I think you probably could park 12 bikes or so in one car space if you had good racks, but still good stuff.
Reminds me of this:
Which I took at Rays, one of the waterside fish restaurant in seattle in the Ballard neighborhood.