This is only a temporary solution to the problem of devices phoning home against your wishes (or knowledge). The "system-on-a-chip" CPUs used in embedded ("smart") devices with an integrated cellular (LTE/etc) modem have existed for years[1]. The hardware that can simply bypass your local network and phone home over the cellular network already exists. The people that want to spy on everyone for profit will no longer ask for internet access through your LAN when someone finally negotiates with the carriers for some sort of low-priority/off-peak access they can use to batch-upload their eavesdropping ("analytics").
[1] random example from "Q4 3014" https://en.wikipedia.org/wiki/Exynos#List_of_ARMv8_Exynos_So...