I hope it is smarter than the old BT remote. It needs to be on when I pick it up, and yet save power so it doesn't burn through the batteries. Maybe some kind of tilt sensor to quickly power it up when I pick it up, and a decent sleep mode. The old one was terrible for either chewing through batteries or not being on when you needed it.
I use my xbox one as the primary box for media which works with my harmony remote (thanks MS for putting an IR receiver in), but this looks good if it works well. HDMI CEC is ok, but support can be hit and miss depending on your setup. I'm tempted to turn mine off because it takes over all the buttons on my TV remote, so I can't even bring up the TV menu when the PS4 is on.