what does this mean to photography?

It means small & light lenses providing they can be made to focus and have adjustable focal lengths. How about fast lenses as good wide open as stopped down?

I assume the chromatic aberrations are controlled by coatings rather than additional elements. Focal length by glass thickness and density properties or perhaps plastic or other material.

it will be a breakthrough with new lenses in 5-20 years or a bust.
 
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