Did you tell me that you were doing this, or did I independently have the same idea? (although, I think my idea was more along the lines of dremeling some PVC pipe and gluing one end).
Anyway, looks good, I've just scored an RH50 to use my very-cheap 100' of Aviphot, so I'll probably need one of these eventually (as soon as I find another canister for the film), give us a yell when they're ready (or I'll have to borrow one of those printers myself).
With roughly the same design you could probably make a 3" long version to turn a 4x5 2509n reel into a 7x5" (not that I shoot 5x7, but some do).