This is a very cute project. I first learned about it by taking a class from Alison Solven who is an Independent Stampin' Up! demonstrator. You can find her blog in my list of Blogs I Love. This is a little album that has a pocket to hold a CD. It's perfect for your photos on CD. The one I did with Alison (pictured above) I use to hold a CD of my wedding photos.
Anyway The one I made, titled Baby Boy, above, I made to give as a new baby gift. I would love to try it with some Stampin' Up! paper, but this one is made from paper and stickers from SEI.
If anyone is interested in a class on how to make them I can certainly do that with Stampin' Up! products.