Why not? I can see myself jumping around having fun with my kid. It's sure to turn heads and get people rolling their eyes at me, but that's OK. I can handle that. There are weirder people out there. I hear there's a crowd that's into flashlights! /ubbthreads/images/graemlins/wink.gif Oh, my, what can be worse!?
More seriously now, it would be a great safety feature to have in running shoes. Reflective tape/vest just doesn't seem to to the trick all the time and I hate those flashing LED strobes when I run, they bounce around too much.