Sound devices don't work very well when you're wearing a hood. I've tried to get Peter's attention with tank banging (a spare double ender plays many roles in a dive) without success.
In clear, strongly lit water, you don't have to be very far apart to have problems communicating. Even 7 to 10 feet is enough, if you aren't facing one another, and aren't checking constantly. I'm not a photographer, so it doesn't ruin my dive to look away from what I'm seeing at very frequent intervals to check on my buddies. But for serious picture-taking folks, it can be a minute or more that they're task-focused, and that may be time enough for whatever cool thing I found to show them to head off into the sunset.
I'm not trying to say that a gadget like this should take the place of good buddy skills. I'm just saying that it may have a role in certain diving conditions, and I for one am not willing to reject it out of hand.