This is fairly big news for people who want at-a-glance connection information. I've recently discovered that the Wi-Fi Alliance is using simple, basic naming conventions for the average person to know what they're getting into.
Here's a table of what the new naming convention means for you and the average person:
|Technical name||Consumer name|
*: Speculative name; not formally ratified by WFA.
Because of this,
nm-applet could (in theory) make use of this new naming standard to tell users what kind of performance is expected from an access point, like certain Android devices can do right now.