Yes. As computers become commodity items and cellphones carry more computing power than was used by NASA to send humans to the moon, the real revolution is happening in the physical computing space.
This "smart" wine rack by "ThingM" is so awesome, and a herald of things to come! We are leaving the boring computing phase and entering the "Technology as Magic" phase.
This is where the value will be added. In terms of design and creativity and usability. Usability to real humans, with no time for futzing with debug flags or registry entries.
Hopefully the interface simplification ushered in by the Physical Computing revolution will inform computer interface design and take us out of the dark ages of "click this, go to that tab, look in the right corner, put 0xFSD226, click Apply, Clik OK, clikc YES to the stupid dialog..." etc.
And now, I present to you, the coolest thing I have yet seen on the physical computing scene ... ahem...