That's kind of the whole point, isn't it? It's clearly meant to be a Dropbox replacement not for everybody, but for those who consider the lack of mandatory cloud storage a feature. So yeah, technically more a replacement for BitTorrent Sync than Dropbox, but not everybody knows about that.
Missing features can be added. Mobile clients by third party devs will surely crop up if/when this thing gets traction. The protocol is open, after all.
This + a hosting provider would be more like an actual Dropbox replacement (e.g. owncloud.org links to a bunch of hosts).
edit: Do people generally still turn off their home computers?
edit2: After thinking about it - what you seem to be describing is an alternative and not just a replacement. I want to replace the service that Dropbox offers with one of my own, I don't want to switch to an alternative Dropbox clone service.
Yeah. My desktop computer eats up a lot of power even when idle. I do want the convenience of never turning it off, but I'd rather be environmentally friendly.
It's only a replacement for a centralized service like Dropbox if you have an always-connected peer (a de facto central server).