Sounds like a great option. I was going to just ground my accessories to the frame but it seems a bit cavalier, plus D'Ecosse claims the frame isn't really used that way anymore, if I recall correctly from another thread. Anyway easy enough to ground items directly to the negative pole of the battery one way or the other.
Yep, it's not the cheapest option for connecting accessories but it is very nice. You can set up delays for firing some circuits up (useful if they draw lots of power and you want to save the battery for start up only at first), you can set up how much amperage you want on the lines, etc. Plus it handles up to 60 amps total which is quite a bit. And if you have a short, you no longer have to replace a fuse - just power the bike on/off and it resets the circuit if it was a momentary glitch.
Here's an analog variation that does about the same thing, but in more primitive form and for half the current (and half the money).
http://www.fuzeblocks.com/ - should be a good way to hook up just a few accessories.