We have a Gibson LP 2008 which has this type of pickup connector in it. We thought great, all we have to do is buy some connectors, put them on some BK's and away we go.
The connectors end up costing around £10 for 10 sets, so no biggie there.
The crimping tool to connect them? £180 + VAT + shiping.
We decided not to do that.
(And before you ask, no you can't use another tool, the pin designs are very specific and small).
For someone like Tim that kind of cost might not be too bad if he only had to buy 1 kind of tool, but he wouldn't, because the Gibson connector is 2 pin only, no split coil option there. Fender will use something else, EMG another, and someone will bring out a proprietry brand too (probably several).
It's a great idea, and seeing it in action in the Gibson, yes it works. But in the real world it will take a long time before everyone agrees a standard.