The big area it covers, the fact that it's too short, and it barely being able to hang out of a wall outlet are all fixed by using the included extension coord.
Yeah... I didn't even realize this was an issue.
All that engineering and design that went into this product to eventually be mocked by Gizmodo.
I found one where the company doesn't throw all charging design projects to interns with no supervision!!!!
Every charger comes with an extension cord which eliminates 4/5 of these complaints.
IMO, Magsafe is still the best laptop charging solution out there. It'll be unfortunate when its replaced by USB-C like on the new Macbooks.
I do really enjoy randomly throwing the connection towards my charging point in the dark until it just magically connects itself. USB-C will be nice in some aspects, but actually having to plug it in will be annoying.
For the Achilles heel - use Sugru
You can also use Pythoncords
You can also just wrap the cord how any child who played an N64 learned to wrap a cord: with excess at the point where it enters the block/controller. Imagine the photo you posted without the bulky modification... problem still solved.
All of the Macbook chargers I've owned have had a second cord running from the power-brick to the plug, which makes most of these issues redundant
First World problems.