The tan blades on my 12" Vortalex (very similar looking to the altered one above) are pretty thick. Maybe mine's an older model (1948, I think) and later Vortalex fans had thinner blades that are so common among various makes.
Regarding the subject fan, if those bulbs could still spin, it might be an interesting novelty for a minute or two.
I've seen this lamp treatment applied to vintage blenders and ask myself why. It's not so much that a vintage Waring or Osterizer has been violated (it could have been burned out junk anyway); I just don't find blender lamps to be attractive decorator items.