My first reaction was that it's a step backwards because the usual benefits of a command line aren't present here (you're usually already using your mouse, commands can't be piped, no shell scripts to run things in sequence)...
But I'm intigued -- maybe it's a possible step forwards? The implementation is very well done. I suppose maybe it functions like traditional keyboard shortcuts in a way? To follow a user, instead of finding their page and clicking follow, you just type "@user follow".
Still, all the commands are so basic, and many are infrequently used, I don't really see much of the "shortcut" value. I'm very curious to see if this user interface concept grows. Imagine if this became a standard way to interface with web API's!