It is however unfortunate that they choose to use OData which is horrible to work with, and the API itself suffers from common REST inefficiencies such as chattiness.
Another thing that bugged me is that this is not just a reverse proxy towards other SAP SaaS api’s, but an actual abstraction layer on top of those. Which makes me believe this probably won’t scale very well into more complex cases.
The best way to look at this I think, is probably as an API for simple in-house apps at companies which use more than one SAP SaaS solution. At least you won’t be using SOAP anymore ;)