Well, I keep most of my cigars in cedar cigar boxes inside large tuperware bins (same environment as the Vino, essentially, minus the temp control).
There is something to be said--at least in theory--for this model over the standard cedar humidor model. This way, the cedar boxes absorb the moisture and transfer it to the cigars ... I believe this gives more cedar flavor and some have suggested it even ages the cigar faster. This is vs. a humidor, where you essentially have the humidification element transferring moisture to the cigars directly (because it's air-permeable). I'd guess that a large cabinet-style humidor would probably have the advantages of the bins/Vino plus even MORE cedar (that's what I'd like to get someday).
Honestly, all I can say for sure is that my collection is doing perfectly fine in the bins, so from my experience the Vino won't be worse than the traditional humi, provided you keep the Vino at a good rH, don't let it overheat, and open the door once a week at least so that it breathes. And as I said, it may even be better than a traditional humi.
My 2 cents!