I must say I've always found those kind of bins yecky.
We have a bin in the cupboard, but it's just a regular, small swing bin and we cut out part of the shelf to accommodate it.
As it's a small bin, it gets emptied regularly and isn't at all yecky.
As for the space it takes up - that depends on how many cupboards you have, we have enough. Those large free-standing bins take up a fair bit of floor space and are generally unattractive.