In other than the most expert of hands,this could become the giant dremel of razor rapists:) not me man.
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Yeah, what pixelfixed said. Such a tool could be useful under the hands of a professional who has spent a lot of time using it, and whose employer didn't mind that he ruined the first few blades as he learned. So, knock yourself out, use it on your least-favorite razors first, and be careful that it doesn't grab and throw one.
Unless you're sharpening and stropping a large amount of razors to be sold I would just stick to hand stropping. The time and effort to tweak everything to me wouldn't be worth it for someone just using them for shaving.