Useless Gadget or Cool New Tool?

Other than to replace a ruler, mat, or rotary blade I don't think I've bought a tool, useless or otherwise in seven years. (Thank you FlyLady). But my small Rowenta Latitude iron is now residing in our 5th wheel and as I've been making the quilt behind this little jewel I've missed it terribly. It is also the iron I use for my starch and press method of appliqué.

So...there I was standing in front of the iron display at Fabric Depot (danger danger) and here were these little bitty things. Humm, what to do what to do. Spend $40+ dollars on the proven tool or spend $15.00 on the Bohin? I absolutely love Bohin appliqué needles. I'm about to find out if this little slice of memory from my childhood gets hot enough to do the job I want it to do. Looks just like my toy iron from this Christmas...

Midweek Gratitudes:
Nice memories
Perspective
FlyLady

edited after use: Ok if it is the only iron you have, perhaps traveling. It has a smooth plate, no steam holes to catch the end of a piece and wrinkle it, and it does get warm enough to press a seam and dry the starch on appliqué pieces. But, the cord is the major problem, Way too short, it was the loser in the overall design. The handle folds flat so the cord can't come out the end, it comes out the left hand side and combined with it's shortness it is Always in the way. I'll box it up, take it back and fork over the $$ for the Latitude...the only Rowenta on the planet that doesn't leak.