Looks like a lot more work, time, etc to me. I would have been done shaving by the time you were done with the shaving creme. But if you guys think it is fun go for it.
Wet shaving (not necessarily straight razor shaving, but with a double edged safety razor) is also much, much, much more economical. I bought a pack of 100 high quality Shark razor blades for $17 on Amazon (bundled it with something else I needed, so free shipping). That's less than a five pack of Mach 3 blades.
I have a goatee, so I have a little less area to shave, and it takes me no more than five minutes.