This sounds like it provides a way for Excel to hand a bunch of data to Python code for processing and get back results, and vice versa.
That's probably extremely valuable to many people, but it does not seem to be what I hope for whenever I see something about bringing Python to Excel.
What I hope for is something that is like VBA but without the VB. I.e., a Python (or JavaScript) interpreter/JIT/compiler built into Excel exposing all the internal Excel objects and methods that VBA has access to. By "Python" I just mean the language and whatever subset of the standard library makes sense in Excel.