Anybody understand the strategy behind Universal 2 Factor?

https://sites.google.com/site/oauthgoog/gnubby
https://docs.google.com/presentation/d/16mB3Nptab1i4-IlFbn6vfkWYk-ozN6j3-fr7JL8XVyA/edit?pli=1#slide=id.g19c09a112_2_135

Is this supposed to be a step forward from software mfa (google authenticator,
authy)? Or an alternative? (feels like a step backwards).

-- 
Yves.
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