Wikifunctions is a new site that has been added to the list of sites operated by WMF. I definitely see uses for it in automating updates on Wikipedia and bots (and also for programmers to reference), but their goal is to translate Wikipedia articles to more languages by writing them in code that has a lot of linguistic information. I have mixed feelings about this, as I don't like existing programs that automatically generate articles (see the Cebuano and Dutch Wikipedias), and I worry that the system will be too complicated for average people.
I assume the main benefit will be for users of less-spoken languages, who currently get out-of date articles or none at all.