Great review, fun to see something like this tested - both as "appliance" style consumer electronics are rarely looked at this closely, plus console PSUs have been used in SFF PC builds for quite some time. Looks like this should be a decent candidate as well, as long as you can provide some airflow, are comfortable rigging your own cables (and can find some chonky spade connectors), and can accommodate the oddball form factor.
More expensive motherboards yay! Just what we needed!
As mentioned above: the cost of a couple of tiny low-amperage VRM circuits for 3.3 and 5V rails is going to be negligible compared to an overall motherboard cost - literally a few dollars BOM cost. Integrating them will cost
some engineering time, but they can pretty much copy+paste in a reference design, maybe shuffle some components around for space savings, and have the software route traces for them. It's not hard, nor expensive. And 12VO will make PSUs cheaper (to produce and design; of course there's no telling if that will translate to consumer-side savings or just higher margins), smaller and/or easier to cool, more efficient (
every 12VO PC will use DC-DC conversion for minor rails, so that's a net gain no matter what, plus the efficiency gains for scaled-to-order VRMs for the minor rails), will reduce cable losses of transferring 5V and 3.3V over long PSU cables, and has a bunch of other benefits, including ditching the woefully outdated 24-pin cable. Are the benefits massive? Obviously not. Are they worthwhile? Yes. Standardization is fantastic, but standards
need to be updated or replaced as they age. This is difficult, but necessary. And besides, current PicoPSU designs can easily be adapted to use 12VO PSUs on non-12VO motherboards, making these PSUs easily backwards compatible (at a small cost).