Well it solves the expensive back as a hindrance to entry topic and opens up Schneider BR. Here the 35, 45, 80 MK II, 120 Macro come to mind as interesting lenses, with the allure being the wides for arch use via shift and stitch, although correcting distortion won't be too easy. More interesting is SK via R. Question on SK BR is whether you can use LS flash sync, especially with the macro.
... And the R mount compatibility opens up interesting combos like SK glass on a Leica M monochrom for example.
The CFV has problems with wide-angles so you could skip that back and just use a Leica SL3 or if that one has PDAF issues the Sigma comapct 60 megapixel camera and the Leica M series - colour and mono.
The Sigma is the price breaker solutions as it retails for 3k or less.
I suggested to Alpa to come up with an L system adapter so you can attach the Sigma to the STC, but it looks like Arca beats them to this goal of opening up M and L cameras as backs.
I think for R system owners this is great and actually it allows you to create a very cool Leica M based microcosm tech cam kit.
Leica M11 / M11M + Pico + SK on R; for non-arch Rodie R and SK BR 35/45/80 MKII/120 would be cool.
The M platform uses the same Sony BSI sensors, so you should be on the color variant be able to use it with SK glass as long as FFD can be maintained.
Very curious if you can mount an M close enough to focus the 35 / 43 XL.
If this works you can skip the digital back and enjoy your Leica Ms while out and about with friends & family etc. and use them as digital backs on the Pico if you want. 20mm shift should be no problem on a 35mm "back" with all tech cam lenses.
Another nice touch is the 120 BR Macro ... which could never been tilted before! Interesting to know if flash sync with SK BR is possible.
R camera owners can be very happy about this development as the Pico supports the R mount - and therefore increase the utility of the whole ecosystem. M owners can also rejoice.
Alpa could use this as inspiration to develop finally the L/M mount camera as backs adapters ...