We've used a similar corner shelving unit to create space in a small 7 by 9 ft room. It's a great, easy shelving solution for small spaces (although installing it was a bit tricky as the walls weren't plumb.
Insanely Easy DIY Ideas To Improve Your Kitchen Interior - A roll of brown paper makes a seemingly infinite place for grocery lists.' Wouldn't even have to be a grocery list! Looks like a Grandpa project!
(Hummm, neat idea, but uncertain on photos wrapping around the corner. The frames could meet up on the edge, but think the frames still might be best if they met in the corner but that each wall had its own photo frame.