A pretty simple cradle. It has a single USB port jack that accepts either a USB connection (which also charges the Universal) or the AC/DC jack. But doesn't replicate any of the other ports (for example, the headphone jack is covered up when in the cradle). It also has a notch to allow you to access the stylus if it is still in the unit while cradled. But it is still difficult to pull out. There is also a hole to balance your stylus in when not in use.
It has a single blue light on the front whose sole purpose appears to be to tell you if the cradle is plugged in. This light is on all the time and doesn't change (so far). The lights on the Universal itself still determine charge status.
The Universal lays flat in the cradle. However, you have to be careful when pushing it in. The height of the USB port on the Universal and the recepticle in the cradle are off by about half a millimeter. You kind of have to look at it and maneuver it while guiding the USB pieces together. You can't really just lay the cradle in and push.
It costs $19 US and, well, is worth about that. Useful to keep your Universal from flopping around your desk while connected (which, to be fair, is pretty useful considering how much the Universal costs), but not much more than that. Nothing fancy.