I've wanted to do this for years. My first house didn't have a basement or warm garage so no way for a worm composter. My second house things were a little crazy. But in this condo I have a basement that is warm enough for the worms.
The worms don't smell, don't attract bugs or fly's, won't escape their box, require only a small amount of work, are good for the environment and just kind of fun to have around. Composting whether it's with worms or in a bin outside and recycling is just good earth stewardship.
For more information on how to compost with worms go here.