It's a very smart and flexible knife block. I bought two to keep loads of knives in, and they look great on my kitchen worktop.
It's only really wide enough for 1 knife, so you end up with a row of knives "horizontally" arranged across the block, if that makes sense (as opposed to the "vertical" alignment you usually get in wooden blocks), but I think that actually works better.
Will also hold thicker blunt objects like sharpening steels, although you have to force them in a bit, but this doesn't have a lasting distorting effect on the strands within.
Very practical, very smart, and seemingly very good quality.