
I wish the device was a tad smaller, but I love the idea of being able to automatically retract and store whatever cables I want. The Hub is a round aluminum housing containing a spring mechanism; wrap your cable inside, close it up, hit the button, and your cable woes go away. The push-button action looks pretty awesome:
The Hub will also come in a Mini version for headphones, which features a detachable clip on the housing so you can attach the thing to your clothing.

The project, designed by Beijing-based Chadwick Parker and Joe Huang, is up on Kickstarter. As of press time they were about 33% of the way towards their $30,000 goal, with just under two months to go.
Comments
Well executed but I'm afraid its a design that I was involved in many months/years ago, and we made it for headphones so it was a tad smaller and a little more elegant.
link is: http://www.bluw.com/lecci-cable-tidy-prod-_-1547.do
Quirky is making pretty much the same thing, but theirs looks better:
http://www.quirky.com/products/1-Sling-Back-Automatic-Cable-Winder
I like the idea of quickly storing cables but is it really necessary. From a sustainable standpoint this is a solution to a problem that is really not that big of an inconvenience, rather it creates more waste with the use of metal and plastic which will end up in a landfill or barely recycled when the internals break after a few years. We should be designing solutions for real problems not small inconveniences.