Could You Live in a "Micro Apartment"?

If heard a lot about micro apartments recently.  They are starting to pop up all over the world, especially in urban areas.  I think this is a pretty good idea.  There is less and less room in cities these days and housing is definitely becoming a problem.  These units usually average 300 square feet which is not that big at all.  But the cool thing about them is that they are designed to perfectly fit anything you might need.  


Seems really cool and even though I own a lot of things that make having a small apartment difficult, I think I could make this work.  However after reading the article a second time I saw that one of these would cost around $1700 per month.  Pretty far out of my price range, especially for a place so small.