It's also an unfathomably complex solution [1] which only a few people in the world will grok, and far more complex than existing solutions such as Idemix or BBS+, which lack such a hardware binding on existing hardware.
Age verification in a privacy preserving way is a really hot topic at the moment, but it will always be possible to bypass it – as will any commonly held anonymous boolean – in quite trivial ways. For example by setting up an open proxy to disclose genuine attributes. There are some privacy preserving mitigations, for example cryptography that'll make you linkable when disclosing more than k times per time period, or detecting slower-than-near-light-speed disclosure in a face-to-face disclosure scenario.
However, these mitigations will never be completely secure. That might not be a problem if it's admitted beforehand so expectations are correctly set: it's a barrier to protect the naïve, not an impenetrable fortress. However, if the expectations are that only age verification that cannot be bypassed is "adequate", we only have to wait for the first incidents in production apps after which the open source and privacy story will be abandoned in the name of security.
[1] https://eprint.iacr.org/2024/2010.pdf and https://eprint.iacr.org/2022/1608.pdf