As you can see from the next picture, I have been using this at the office to work on an RPi2 during lunch. I just take the cover off of the RPi2 case and plug the RPI-Console into it, plug the USB cable and fire up a copy of Putty on my laptop; instant console! I have been able to run raspi-config from the console to get the microSD card setup, and further setup things so that I can update the RPi2 software through a wireless bridge (not shown in the picture).
I have been impressed with the quality of the board and with the "open kimono" approach that Land-Boards have with their products. They even have a wiki page which details the testing that they put each board through; a quality job throughout! I like the fact that the design has a couple of LEDs to indicate serial traffic, receive and transmit, and the fact that you can choose to power from the USB cable or not by a jumper. The extended pins are a nice touch and allow you to get at the GPIO as needed.
For me this is an ideal interface and reduces the amount of things that I bring into work to be able to do a lunchtime activity. Should the power requirements be more than the USB cable can handle, you can always set the jumper to bring power via the microUSB interface.
Update: I was also successfully able to put a PiTFT onto the RPi2, run a ribbon cable from the additional connector, and plug the RPI-Console into it. It was also able to power the whole thing including two Netgear wifi adapters. I think that I am going to be very happy with this purchase.