Not bad, actually.
This or allow multiple such modules, or nested structure - that you can fold out as menus do.
So an item that make a child in one such slot, or something.
If having compact view - you get first level hovering - and if that level hold a child in a slot, hovering there will make another level appear.
Or allow any number of modules appear as you wish.
And these can be part of different screensets which are visible at one time. You can customize for the different operational phase you are in.
Just let my thoughts spin freely there for a bit....