The main thing I see it being good for is things like the Zend framework, where you have class definitions like:
PHP Code:
class Zend_Auth_Adapter_Http_Resolver_File implements Zend_Auth_Adapter_Http_Resolver_Interface {
That's not to say that Zend will use namespaces, considering their naming conventions are directly based on the directory set up.
Personally, I probably won't have to use them. But I can definitely see a few frameworks taking it on, especially as people shift from PHP4 to the newer versions (It's hard to find a host without PHP5 at this point!)