I've seen letter openers in stores for years, but I never felt like dropping the money to get one. When I recently came into possession of some extra stock of Duane Reade club cards, I knew I had my chance!
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I have also wrecked steak knives on those straps...they can catch and bend serrated edges.
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I have noticed some paper boxes my local Staples receives have this system too, and for their office furniture. I know my local warehouses have a severe theft problem, so maybe its a modification added in situ.
I guess they're east coast only, though - I'm in CA and never heard of 'em.
This is a nice solution though - I tend to ignore my box cutter in favor of a trail knife, but have sliced into books before. Maybe this would help...