To me it looks like a very slick, hacker gadget built from a very enthusiastic person. Good finish and highly over-engineered. For me, as a user, it'd be too expensive, but my hacker soul could imagine building something like that too.
Nice product, but at that price point probably not for a big audience
I recall seeing little USB lights on Amazon that accomplished the same thing for $30. Turn red when your calendar/webcam is active, green when free. Of course, I would be suspicious of the software integration privacy, but different problem.
That's one of many features listed on this page, and they say there's an API for it suggesting that many more features are possible. I wouldn't expect every feature to be for everyone.
At this price, you can get a second Monitor facing outward and display how long you’ll be busy on that. In fact, you can get 2 monitors and another computer and have some change left. This is a cool product, especially design-wise, but there are much cheaper solution for this very small problem.