Sorry for the necropost but thought of letting you guys know that I did finally get this adapter! It's the exact same version/model # but slightly different product! i.e., the housing isn't coming off! It came in the same exact retail packaging, too. Anyway, just thought you might want to know.
Here's a fuzzy photo taken off my smartphone:
The bluetooth adapter is the one on the left; that one on the right is my "nano receiver" for my logitech laser mouse.
Another view with the blue blinky light on:
Driver installation was a breeze and it found my smartphone with no probs. Then again, my smartphone doesn't do much (I rather preferred my old Ericsson mobile phone -- when I connected that via bluetooth to my friend's laptop, I was able to control his mouse cursor via phone buttons!
) I'll be using this with my bluetooth headset, though so no worries about not being able to control my machine with my mobile.