I talked to the engineers at Paradise Lighting, and @jkeck3’s experience is pretty much what I expected. Sorry for not updating sooner. The WiFi function is simply an ad-hoc network handled by the transformer that won’t connect to your home network; however, it will allow you to connect directly with your WiFi device (phone, laptop, tablet, etc) and a web browser to modify its timing and dusk-to-dawn features.
If that’s your thing, then cool; however, it’s not what I think SmartThings users are looking for.
Like @LCSteve said, a dumb transformer plugged into a smart outlet is pretty much the state of the SmartThings art, today.
Having said all that, Paradise Lighting is trying, and even though this product doesn’t hit my sweet spot of demand, it’s good to see them stepping up with a market experiment where no other company has ventured. The engineer I talked to said this was their first shot at testing the market demand for smart transformers. I really don’t expect this model to be a huge success for them, but if you want to write with product suggestions, this is their website: http://www.paradisegardenlighting.com/