I was actually looking for a splitter like that. I do agree that thermal control has its place but thermal control follows a predefined curve (maybe not for SpeedFan). With watercooling, you typically see temps at the lower end of the curve and the fans will not be running at its full potential if they are thermally controlled from the motherboard.
What if you want it to run at its full speed? Sure, the Nanoxia fan speed controller fixes that but it would be nested somewhere inaccessible and you might need to remove the side panel to get to it.
What if you want more fine grained control of each individual fans? I presume that the Nanoxia fan speed controller will control the fan speed but it'll affect all the fans. With a dedicated fan speed controller I can control 4 fans with 4 knobs or 4 fans with 2 knobs (I could even control 4 fans with one knob for a 480mm radiator).
There's also the fact that manual controls allows noise output to be constant or at the intensity that I'm comfortable with depending on my current usage. I don't get any problems with noise as the fans ramp up and down constantly.
I never deemed the use of a manual fan controller to be the perfect solution, which is why I always include its drawbacks (speed doesn't scale automatically) whenever I recommend a fan controller such as the Lamptron FC5v2 because it still boils down to individual preference. As its name implies, controller; I expect every bit of control I can get.
Manual controllers fit certain uses despite my own preferences for auto-thermal-control. My Mom's computer upstairs is still waiting for a "case-upgrade; her hardware is in a 1998 Gateway tower box, and I never much did any significant mods to that box except to put modder's mesh (perf-steel) in the front and put an "all-aluminum" 120x25 fan on the case exterior in the rear exhaust port. The front intake fan is a 120x38 Delta (no tach wire) that probably pulls 0.90A. Everything is "quiet" for Mom's machine, but the Delta fan is no good at its top end, and just great for maybe half that. So we use one of the brushed alum controllers I mentioned.
But on the other angle, my Z68 board is heading toward age 3 years. Yet the BIOS fan functions and Q-FAN allow for profiles in the Windows (asus) "FAn-Expert" to be custom defined with three points of customization. If you don't get a "curved" profile, you get the cruder version of it. So you can set the minimum, the maximum, and a mid-point (adjustable on both axes)-- all with respect to CPU temperature on X (or mobo temp as desired), create a custom profile and actually choose it in BIOS!
I'd been waiting for such features for years, even though there was a promise to provide it with my NVidia boards, "ESA" and the Silverstone Commander. Somehow, they never finished the software, so it was a keyboard-controlled manual controller.
On this Swiftech splitter, the limit to your output would be defined by your 12V rail on the PSU. But the mobo would control those fans according to the type of profile I just explained with my ASUS board. The only drawback is the tach wires for all but one of the fans connected, and I think you could just move the tach wires to designated mobo fan-headers for monitoring, if the fans aren't all identical or vary by size and amperage draw. If they are, you don't need 'em: you'd just inspect them from time to time with the computer running -- preparatory to shutdown and a go-over with canned air/compressed-gas-duster.