I've been to see this bridge on a few occasions. It opens on Friday's at mid-day and is just a quick event, but worth making a detour for. Can be a bit tricky to locate (Google maps work perfectly), so be sure to arrive early.
The boats on the canal are also quite interesting and make for a pleasant walk. But don't be tempted to stay and eat locally, Paddington itself is rather down-at-heel and despite a few attempts, I'm yet to be impressed by the local restaurants. Much better to eat elsewhere in London.
For more info: http://www.heatherwick.com/rolling-bridge/
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