I'd be concerned for some devices about the current levels. You're probably good for anything that charges off USB (i.e. less than 500 mA), but not laptops and such...
It's not a magnet, but yes, it has some risk of pulling devices around, but in many (most?) potentially harmful device yankings I've seen/done, the jerk is probably abrupt enough to pull this off. I'm not concerned about accidental disconnects, since they say it takes 2.5 pounds transverse force. (They don't say what end-force, but the jack probably disconnects first...)