I doubt that any serious turner would find this Rockler device to be handy. It looks clumsy at best and IF you have any long tools then the thing is not high enough to turn and be 'handy!'
For my $30 plus any shipping costs, etc., I would make one myself. (A lot cheaper as well)
I went to the local burger joint and asked if they any pickle buckets. Yep, several were available for the asking. SO I got three and brought them home. Washed them out with vinegar and water and eliminated the pickle smell.
I then cut several lengths of PVC (1" I believe). I cut a plywood disc to fit down inside the bucket by about 4" and drilled 8 equally spaced holes to accept the PVC. I mixed up enough plaster of Paris to fill the bottom up by three inches and poured it into the bucket. I secured the disk in place. Then I pushed the PVC tubes through the holes in the disc and down into the plaster of Paris being careful to keep them as vertical as possible and set the contraption aside for the night so the plaster would set up. BTW, the PVC extends about 3" above the plywood disc and the handles are stopped on most of my tools prior to the cutting edge hitting the plaster. The tools just 'hang' in place basically.
Next day I cut 8 pieces of foam rubber, oiled them very lightly with WD-40, and used each tool I had to push the foam rubber down into each PVC tube. This will protect the cutting tips when placed into the PVC.
I placed each tool into a PVC tube and grabbed the bucket handle and placed it wherever I so desire it to be useful. IT is so easy to pick it up and travel around, the tips are comfortably protected, and the plaster weight does not allow it to be easily turned over at demos, etc. AND it is heavy enough that somebody isn't going to walk off with it un-noticed.
Total cost $0.00 as I had everything on-hand from previous projects. I was going to eat anyway so the hamburger was refreshing and I was off to a good start. REWARDS - PRICELESS.
ONE REMINDER ... DO not put your tools in something like this with the SHARP edges up. IF you do then somebody is going to get cut rather badly. A skew is just one sharp edge and carbide is another. The rest, well they are just waiting to get ya!