Future failure, and a number of reasons why:
* Structural integrity--anyone neophyte enough to purchase such a set would undoubtedly dwindle their Skittles-rainbow possibility of mix-n-match as they broke the parts and lost them.
* Product sales model--there aren't enough 12 year olds with allowances large enough or the laws to support their smoking to afford such a set. True, they'd make a good party-favor kit, but clowns handing out pipes to kids will arouse a strong creep-factor.
* Product sales model II--there aren't enough hipsters (12 year old mentality, of legal smoking age) to all buy kits like that after the first one is sold and it becomes somehow "cool." Once irony is lost to obscurity, and obscurity is lost to familiarity, it's all over very quickly.
* Product sales model III--Timothy Leary is dead. Salvador Dali is dead. Andy Warhol is dead. Picasso is dead. With so many dead artists, all credible in their own ways (if not for talent, other things) no one can therefore lend credibility to the image of the pipe in modern times. I doubt Justin Beiber, Snooky or Skrillex are going to sport these to make an impression--but I could be wrong. The result will be the same.
* Product presentation--while Falcon survives on an interesting, time-tested concept, with the opportunity to buy more/different bowls as you need them, having the whole kit in front of a person is like offering the "collect all ## toys inside" given to the impatient kid at once. Boredom will quickly take hold.
Conclusion: Unless the world ends, and there's nothing but a warehouse full of these to smoke in the coming weeks after the apocalypse, I don't see them doing much for the other 99% of the pipe smokers alive today, except giving us fun reasons to type things on the Internet.
8)
