Conceptually, I love this.
Mainly because for some reason it irritates me than screenshots are bitmaps.
Nearly everything in a user interface or document is vector-based, except for photographs and natural-media illustrations.
The ability to capture part of a webpage as an SVG feels like a step forwards in preserving vector content.
My real wish is that OS interfaces would be just as vector-based, where rendering to bitmap was just something the OS handled at the end. So a screenshot in macOS or Windows would similarly always be SVG.