I don't have that many pairs of pants but I probably do have that many bags and I love how they get to hang and be shown off. I'm just assuming there's a whole other section behind the camera that you can't see to hold the rest of my clothes. :)
Great idea for a small bedroom not in sleeping use - convert to a spacious walk-in closet. Use shelving, racks, storage bins, etc., what can be removed easily (and used elsewhere). With minor repairs to drywall convert back to a bedroom if ever the need to move or sell. *Put a nice cabinet/dresser/island dead center in the area for added storage of accessories, jewelry, etc.