I 100% believe we're going that way. People will carry their PCs in their pocket and just dock them when they need to do something with a bigger screen/keyboard and mouse. This will NOT kill the PC, of course, because more powerful machines are always needed for something. But for daily use, a quality phone with a dock could be enough to do 98% of a typical user's non-gaming needs.
I thought we were going that direction several years ago - an android phone had similar capabilities, just not the fancy docking solution.
However PC processors are still exceeding mobile processors in a lot of ways, and mobile processors have a lot of limitations in I/O.
Apple's mobile processors are catching up, though, so I'm hoping that Apple starts producing OS X laptops based on their A series of processors.
Then again, I was expecting OS X and iOS to share features more fully over the last five years too. I'd really like an iPad Pro with xcode, etc running directly on it.
I think the real impediment is market segmentation. Right now Apple can get one consumer to buy a phone, watch, iPad, and PC. If they extend the iPad, Phone , or Watch too far they'll find more customers buying fewer devices. Further, the iOS devices are all successfully walled gardens, and they can extract more profit from customers on apps and digital purchases than they do with OS X.
Other players can force them into a position where they might have to cave, though, so I hope that this product becomes successful, and other products similar to it.
But apple is
so far ahead in their processor design that even efforts like this might not cause them to budge.