It is of course fantastic for all, who would like to use Linux but are tied to Windows for various reasons. For some use cases, one still would use a classical virtualization like VMware, but for many others, this is an elegant alternative.
It is also good for a pure Linux world, as to my understanding, this is most of all an enhancement of the RDP support for Wayland, basically solving the problem of lacking network transparency. It was a valid critizism of Wayland, that unlike X it didn't have a concept of network transparency. But with all the work done by Microsoft - and it seems to be completely open source - this problem looks to me as solved. Perhaps even better than with X, as RDP is designed to be forwarded over larger distances, while X forwarding is most useful in local networks.
Hope that this is something that will spur some wayland->wayland equivalent (since they base it on weston it might be possible to reuse a lot).
They basically souped up the FreeRDP Weston backend (plus a bunch of glue to make it more magical, and some buffer sharing stuff with VMs)