Came here just because of the Zero. Wanted to ask the same thing. I don’t see why it wouldn’t work.
It’s nice to see that the RPfoundation is listening. The compute module was an interesting release, but for the majority of users it was useless. This was their answer for that.
I’m hoping it does well, not too much of a stretch to see a Pi2 version in the pipeline for a higher price. They’re probably going to wait to see how this sells, get the docs straight, and make sure there’s no issues.