Re: Wasn't it bad enough already?
"at least it'll be on a different subnet from the rest of the LAN, where it shouldn't be able to cause too much chaos"
If you trust your home router to be secure enough. I wouldn't trust any consumer-grade (or even ISP-provided) wireless router much further than I can throw it.
The point being made is, though, that the IoT devices get a better range using 802.11ah than they previously had ("bulky RF antenna may not be required any more"). Pair that with bonkers security of the IoT device itself, and the attacker might just be able to talk directly to it using their wireless kit in the car outside, bypassing your home networks altogether. Your main wireless network may still be out of reach for them - for the time being - but your heating is switched off for good, your smart meter will read 10,000kw/h extra next month nonetheless, the toaster is frying itself and your fridge is spending a lot of money restocking itself from a bunch of local grocery deliveries. And when you leave the house in rage, your alarm system says engaged, but the attackers (and burglars) know it's not...
This may sound exeggerated now, but wait a couple of years. If ignorance towards security prevails (and it will) and people connect all sorts of appliances, this may just be the beginning.
*grabs coat to flee from IoT enabled robots* ;-)