I would say yes, but not in the sense that most would anticipate. I don't think it'll completely replace cinema cameras (at least not for a couple generations when screens will be completely obsolete and probably redundant), but considering it is a veritable next step for imaging technology (and traditional sensors), all sorts of sciences and surveillance are going to want to try to apply it in their field. Capturing more data, or quite literally, another dimension will definitely have it's uses in the practical fields. I can imagine it being useful in VR as well.
I think traditionalists will hold onto the screen (and traditional lensing) until they're all dead though. What's interesting is in a thousand years all these flat digital sensors will barely look like an improvement to film. "And here we have 2-D imaging, ooooooo, hailing from the ancient 19th-21st century."