I think that's another concern. Who gets to decide whether a piece of software is an "application" or not? Of course it's gonna be Microsoft. What it says to me is you gotta pay Microsoft to get your software on their whitelist, which basically kills any "power user" tools for whoever this is sold to.
I could also see something happen where Firefox is considered an application.. but IE is not. And google chrome, with every tab being a new process? Congratulations on only being able to open three tabs.
I suspect this version will go unnoticed, like the Vista starter version did. Anyone who would buy it will just pirate the ultimate edition.