The Swivel Socket power strip

Many have tried to create a power strip that allows you to use more than the inevitable two of the plugs at once, and many have failed. One notable exception is the PowerSquid, but this Swivel Socket concept seems like it might give that thing a run for its money. Each socket rotates 180 degrees, and each has a swiveling label so you can remember what you plugged into what. Sounds like a plan, no?