Obsolete...yes But, the picture is blurry and you got too much glare on the walkman. Since the walkman is black, perhaps using a white background and pointing your lightsource away from the subject would give you better results.
Hmmm where to begin.... I like the idea here - however - execution... The light is far too bright on the surface of the walkman and causes very dark shadows in the fg. Using fill flash, or a 2nd light source would correct that. Also, the wrinkled cloth gives the image a very rough and thrown together feel. And one last thing, if your going to include the headphones in the shot, I think they should be included completely, not having the wire leave and reenter the image. I hope you find this helpful.