I can't say that I like it. It looks too bulky and too... like you threw the components on the board, visually it doesn't look nice to me.
A cheap heatsink is maybe 20 cents, screw and washer is another 5-10 cents. I would add them to the package. See
http://uk.farnell.com/aavid-thermalloy/507302b00000g/heatsink-to-220-24-c-w/dp/1611415http://uk.farnell.com/multicomp/mc33278/heatsink-to220-x-2-7-6-c-w/dp/1710623I'd add some reverse voltage protection - you can't rely on people not connecting the input the wrong way... i'd consider using a p channel mosfet so that there won't be such a big drop at input. see
though p channel fets in through hole variety are a bit expensive
The output pins are in the center of the board - if I'd want to put it on a breadboard it would basically use up space both above the breadboard, and on the side of the breadboard... more clutter on the desk. Just picture it.
The green led is ugly as hell. Couldn't you find a rectangular or smaller led that would not take so much space? Is that led even lighting up when you set the output to 1.5-1.8v, considering it's a 2-2.2v forward voltage led (green usually is around that value) and you use a 3900 ohm resistor? That's what... 0.5 mA?
I'd use something like this
http://uk.farnell.com/avago-technologies/hlmp-s201/led-rect-he-red/dp/1003236 .. 2.54mm pitch, small space on board, 1.9 forward voltage so would work even at low voltages..
It would be nice to have a USB jack on the board in a corner, jacks that have through hole pins are less than half a dollar, even less in quantity - a usb jack would allow people to power the board from a usb charger/pc etc so no extra investment in separate supply. Though since the Lm317 is used, there's little point in because of the voltage drop on it ... maybe if you use a lm1117 instead or something with even less voltage drop... I don't know.