Mini Cupcakes as Favors?

What do you guys think about mini cupcakes as wedding favors? I found these mini cupcakes boxes and holders online (they have so many kinds of cool boxes!).

On this site, they come in packs of 100, and are $32.68 for the boxes and $16.48 for the holders.

Jason and I were thinking we could make little flags with our initials, "thank you," a monogram, etc. I even found this shop on etsy that makes custom flags. Apparently we aren't the only people with this idea. :)

I could wrap them up with a bow, and maybe a sticker or tag.

Here are some other photos for inspiration:

This style we could do in advance (above)!

A bunch of these things are at http://www.beau-coup.com/, which also has personalized ribbons, boxes, organza ribbons, and lots of cheap favor ideas!