This is a new product from Konnet called the Power Pyramid. It can store 4 controllers and charge them within 3 hours. When it’s charging it shows red, blue means it’s fully charged. Features intelligent charging design to avoid overcharging.
The blue light in the Pyramid lights up when you have controllers connected. Once your remove all the controllers the lights turn off, which is nice.
The controllers connect/remove to the usb docking port easily. They feel snug once connected too, I actually lifted it up and walked it to the table to take photos and it didn’t feel like they would fall out.
Konnet also has a model where you can charge two PS3 Controllers and two XBox 360 Controllers, useful for those that own both systems.
Doubles as a storage stand
Frees up USB slots on the PS3
No external power switch