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Yes, I too have seen this tool. Very interesting idea. Unsure if I would personally have the need for buying something such as this, as I'm more of a guy who prefers screws over nails for just about everything. But it is a slick design. Feels good in your hand.
a palm nailer is excellent for tight spaces. For example, in a corner where even a hammer won't fit. Typically the palm nailer has a magnetic head, it holds the nail, you push and rat-tat-tat the nail is secure!
I used a palm nailer to secure joist hangers in some tight spots and did not even break a sweat!
Some palm nailers even offer a myriad of optional attachments. This provides even more flexibility it their uses.