Yes. Really! Teens have so many projects and activities that these type of very visible organizers help them keep track of their very busy lives. Picture frame holds the decorative strips so you can use a dry-erase marker and homework hangs below. Genius!
Paint swatches framed behind glass to make a dry-erase calendar. I would make a weekly calendar and use a different color for each family member. You could even mark your recurring commitments (dance lessons, work schedule, etc) under the glass so that you don't have to re-write them every week. It would be easy to swap them out if something changes.