Very nice. I'd consider pinging the guys of OpenBSD to suggest upstreaming this interesting, user friendly, syntax into SSH itself.
I find it easy to remember, it's just one flag (-L) with local_port:remote_ip:remote_port
to forward local port 3306 to mysqlhost:3306:
ssh -L 3306:mysqlhost:3306
The strength of using ssh is that you can forward multiple ports with the same connection.
i.e. ssh -L 3306:mysqlhost:3306 -L 8080:webhost:80