It's superior to current dual-GPU technology due to the lack of latency issues. But the downside is that if one of the wafers is bad, both chips can't be used. Additionally, I imagine heat will also be a problem for scaling.
TSMC uses 10-micron holes that form a through-silicon via (TSV) connection that connect the two GPUs together. There won't be latency problems between the connected GPUs as the wafter has the ability to let the GPUs communicate quickly, meaning we could see dual-GPU graphics cards based on current GPUs like the Polaris and Pascal GPUs from AMD and NVIDIA, respectively.
There is a downfall to using TSMC's new WoW technology in that if the GPUs are bonded together and one of the wafers is bad, both are binned and can't be used. We won't see Vega with dual-GPUs because of it, but high yield GPUs like the GP10x range from NVIDIA and the RX 500 series could go dual-GPUs with refreshes and be monsters.