I have just received this today, and can't wait to play with it! I saw a review of it in a Quilting Arts magazine, and decided that this was a multi-faceted tool that I must have.
It's a heating tool with 7 different "ends" that can press, emboss velvet, fuse threads, cut stencils, do something with bias tape for stained glass designs, stamp a 9-patch design, and amazingly enough - transfer laser images.
Of course, I think the first thing I'll have to do is find an adaptor that allows me to use it - it has a voltage of 120 watts and here in NZ we use 240 watts. Off to the hardware store.