I think it can and willl be used more statistically. Yes, from your background you will get a sense and form an opinion, but with this, you can generate a report that says with high accuracy where you have spent every hour. This will be more sharp ammunition in case the employer want to use it against you.
If it goes by WIFI and not the wired network it'll be rather of useless in every enterprise organisation I've ever worked in. I'm not sure I've even worked in a place where the WIFI wasn't a guest network. Don't get me wrong, I'd like the feature. I work in a fully flexible place, but part of that is setting your status to be "working from outside the office" when you're not there. If that could happen automatically that'd be great.