Correct, but he gave the new buzzword without the old in a way to imply
it's all brand new off the presses.
Of concern is the propensity in the US to have everything with its own sim and talking across the wireless broadband, if they do that with M2M household appliances you have no control over it getting out to the Internet. That would NOT be a good idea.
The other side issue is often the average user gets the router, takes it home, plugs it in, and away they go without setting up any security. Just drive around and see how many open wireless routers and networks you can find in your residential area - in mine there are six wireless networks and mine is the only one with any security on it as the others don't know better. I can see the same happening with all this stuff.