Well, it seems that it is going to to make a difference in how Nest is managed.
Google has just created a hardware division that will handle most of its efforts in that area :
Nexus, Pixel, OnHub, ATAP, Chromecast, consumer hardware, ... they are all going to be integrated in this division instead of being scattered throughout the company.
Glass will also become a part of that division (Nest has been handling it since the end of the explorer program).