I believe it was an HN thread years ago where I first discovered Dotsies. I spent a very satisfying afternoon learning to read it and write it. I then labelled all sorts of cables and patch boards and such with it around my cubicle for fun. I only kept them up for a few days, but it was a blast learning to read something cryptic and cool looking at a glance with so little effort. If only for that idle distraction Dotsies is a worthy hack. I really think half the fun is in the teaching method.
It is fun. I actually used (and still use) the "Standard Galactic Alphabet" from the Commander Keen games every once in a while, which is a little easier to read and write, yet almost as baffling to non-insiders :)