I live in an apartment and use one of Black and Decker's Workmate folding benches. I made a new center piece out of oak and attached a machinist's vise to one end, so when i need to use a vise I can swap out the original piece. It is barely adequate for anything but light work - very light, and tends to shake around and "walk," even with extra weight on it. Stuff falls off it all the time, too. It is better than nothing, but difficult to use for something like roughing out an axe handle or sawing a big board and useless for debreeching barrels.
Tip's bench looks like it has all the problems my setup has, but twice as bad. I suppose if all you are doing is assembling a kit it might be adequate, but it looks too unstable for anything but inletting small parts or decorative carving. Even something like cutting the end of a stock for the buttplate might be near impossible.
Not to knock Tip, but I as someone who has actually done some work in a very small apartment I don't think that this would be a good setup. As a secondary, specialized bench in a larger workshop it might be quite useful, though.
