This probably would work well, if you have things that you are able clip to it and a place in the ceiling you don't mind making a large hole in for it. However:
The clips don't open very wide, and sometimes things slip out, so you have to know and test what you're going to keep on the organizer. I bought it for my daughter's room, but we are not going to be using it. It also is difficult for her to clip things onto it herself (difficult to open clips, difficult to get things into the small opening the clips have, etc.), which is the ultimate goal when you have kids: to find them ways to organize that they can do mostly on their own.
One thing I would have liked to know before I bought this product: you have to drill a fairly large hole in the ceiling, and then the hardware will set in the hole, and it will expand as you screw it in, causing some significant damage to the ceiling. (This is in the case of plaster ceilings; there are other directions for acoustic tile and for other materials, I'm not certain.) I understand that it would need some strong anchoring, but when I was thinking of a cheap way to get some of my daughter's things organized, I didn't think about how it might damage the house or cause some repair-work if I didn't want it there anymore; I thought another person might like to know this ahead of time, just for a heads-up.
All-in-all, I would choose a different product to organize with, especially if you are utilizing it in the traditional way of organizing toys in a child's room.