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Its definately a sweetie but as above posters said not at all a very economical choice. Alot here, and soon i will join them, have gone for the wineador option. You can buy a vinotemp wine cooler and simply add your own humidification device for 10x the storage at a similar price. Check Here (link)
After that search wineador on this site for alot of information about the conversion and also for some sweet cigar porn pics of the final product.
I'm with Greg..... and all the others as well. If I didn't have to worry much about cashola, I would pick that up. It looks great. Would be a good one for rare or otherwise very HTF sticks. Within a budget however, nothing beats a nice vinotemp except the coolerdor. Bang for the buck on storage says go with a coolerdor.
Well, if nothing else, it certainly shows Vinotemp is well aware of the cigar market snapping up and modding their wine coolers, and willing to try and cash in on the trend.
Be nice if that meant Spanish cedar shelving options and built in humidification on their regular lineup would be forthcoming sometime soon.
If you do plan on buying the humidor I would recommend not buying it from the link you provided. Other places sell it online for around $189 (search for Thermoelectric Humidor). I would think it is a little small although it might be nice to have for one's premium cigars.