Possibly.
I don’t think there’s a right/wrong with this.
If you &/or the people you live with want a clutter-free, clean system & maybe you don’t have the luxury of a dedicated music room, then I can see the attraction.
A pretty high quality sound with a low box count.
Probably aimed at the future generation of Hifi music fans rather than tempting existing hi fi users away from multi box systems.
Obvious issues are that if your t’intenet goes down, you’re suddenly in a quiet house, but then broadband is getting to be as essential as any other utility now.
And if any one element of the system goes wrong, ( ie the internal DAC, or amp etc) that’s the whole thing shot. You can’t say “oh well I’ll just listen to my vinyl until it comes back from repair”.
And if you’re a serial tinkerer, or box swapper, then it’s a non-starter.
And the app needs to be very good, reliable, stable, good to use etc.