The extension cord tangle I mentioned is now up on the photo discussion section.
All cable reels I've seen here (except for the small 5 or 10m types with only 2 outlets) have overheat protection.
However, they can very well be a nuisance. I bought a construction grade 50m metal reel, on which the overheat sometimes trips as soon as a 9W fluorescent is plugged in. A kick against the reel would help then. Guess I should've asked my money back.