From the McLloyd website:
A pack of 5 sports devices with software and vests with a 20% discount costs $7200. (Presumably this US$ - about $11,169 Australian Dollars! So over A$2000 each.
I suggest that this is something that your average sailor, even dedicated speed enthusiasts, are likely to balk at.

Of course, he is talking about 'Events' where presumably the event organiser leases the pack of 5 devices for a Month (and adds that cost to the entry fee of course) for around US$300 (A$465), or about A$93 each sailor. That's a pretty stiff add-on to an entry fee which would likely be in the hundreds of dollars on top of that, but probably doable.
Accuracy? A quick perusal of some recent comparative testing between a Motion and a ESP device chosen at random from my files shows this:
UBLOX 8 based Motion on the left, Ublox 10 based ESP on the right.
Columns: distance, run, speed device 1, error calculation, time at start of run. Speed device 2, error calculation, time at start of run.

For device one the error is in the order of around 0.03 Knots. For device two it is around 0.02 knots.
Note that none of the runs differ by more than the reported error margin. A couple by significantly less!
This comparison is very simplistic (There is a great deal that of discussion that can be had about putting meat on the bones of those calculations and comparisons) but for a simple comparisons sake:
0.03 Knots = 0.0154 m/sec, or simplistically, an error of 1.54 cm.
We could argue we already have the equivalent of sub 2cm speed accuracy from our best Doppler devices.

And for a cost of as little as US$100, or less!
Yes, we could have some very long and interesting discussions about what those error numbers mean etc, but the real world tests (like the example above) bear them out remarkably well.
On top of that, tests done directly comparing GNSS devices against offical camera timing devices over 500m also confirm this data.