Product review (5 stars): Fantastic for small apartments!
This little machine is fantastic!  As others have noted, it's basically a salad spinner for clothes, but when it's 11pm and the laundry room is closed, and you realize you need a particular item for the next day, this is a lifesaver!  Works best if you have a companion such as the mini Panda washer (there's also a very simliar one called Basecamp or something like that), but you can also simply handwash your clothes, then spin them dry with this machine.

Pros:
- Works in 1-3 minutes.
- Gets clothes nearly dry, so that you can hang them for a few hours (best if overnight), and be able to wear them the next day.
- Fairly small, so it fits under my sink.  My apartment is tiny, so I couldn't use any of the other laundry alternatives, but this spinner fits my apartment and works like a charm!

Cons:
- Can only spin about 3-4 items at a time, like 3-4 shirts or two pairs of pants (or a small load of undies).  This really is just for emergencies or if you're a single person with no available laundry room (I have one on site, but it closes at 9pm so I have limited laundry hours).
- Can get unbalanced fairly easily, which brings the noise level up and I feel like this could bother my neighbors.  Keep the load even to help avoid this.  Making sure the unit is fairly full and packing them down slightly helps keep from unbalancing.

To sum up, if you're living in a small apartment with no easy access to a laundry room, this unit can be a lifesaver if you find yourself needing a particular clothing item but you can't get to the laundry room or laundromat.  It can also help stretch out the time in between trips to the laundromat, and help save quarters (this works best if you don't have a large family).  You won't regret it!