The not so nice thing about it is that you have to pre-guess how deep your tree will be and allocate as many slots, or otherwise itll degrade into a linked list when you run out of rungs, or you end up wasting space.
Also you can freely choose the "compaction rate" (base of that logarithm) to be something other than 2 -- e.g., choosing 4 means half as many rungs (but ~twice as much wandering along each rung).