I was sick of parking bikes everywhere while a perfectly good bike rack sat against the wall in a corner. So, I grabbed some beer, my welder, and some scrap wood and built this: http://miscswimbikerun.shutterfly.com/23
Interesting thought. For me, not sure that it doesn't take up more real estate than it's worth, but I can see where some would find it handy. It could also 'make-do' as a repair stand for simple cleaning and maintenance tasks.
I bet that folks less handy with a welder could buy a hitch adapter, some nuts, bolts and lumber and get a similar job done.
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