A very good idea, I think. Though I would limit access to them greatly. It should take great magical power or portals to get there, and even then they would be dangerous places.
Also, you shouldn't be able to colonize them, but instead there should be ample amounts of magical energies, perhaps magical items/ingredients that ease casting spells of the sphere you could harvest there. Or maybe rarely recruit native creatures.
Or perhaps even the ability to manipulate the enviroment so it affects the main world. You smash open a Fire node and cause a volcano to erupt in the main world. The same could be done with earthquakes, hurricanes and floods.