Apple brings about the end of the physical Function key with MacBook Pro Touch Bar
In Apple's latest round of removal of traditional features on computers, the company has eradicated conventional Function keys, and has replaced them with a Retina, multi-touch Touch Bar.

At today's "hello again" event, Apple Senior Vice President of Worldwide Marketing Phil Schiller revealed the new Touch Bar as part of the renovations to Apple's new MacBook Pro line.
As part of the reveal, Schiller lamented the older Function key array in a eulogy. Noting that they were introduced in the IBM 3270 mainframe terminal in 1971, Schiller noted that modern users don't really use them for anything, with most of them having been re-purposed for media control and other infrequently used commands.

The Touch Bar is developer-customizable, and contextually displays menus and other features, including invocation of a conventional Function key lineup, if necessary.
The removal of the Function keys has also enabled Apple to implement Touch ID, without another case penetration. The sensor is embedded in the upper right of the Touch Bar with a Sapphire lens, and a secure enclave implementation with Apple's new T1 chipset.

Users can also perform a fast user switch using Touch ID -- all it needs to invoke is a registered user to touch the Touch Bar's sensor, and macOS identifies the user, and authenticates based on the pre-registered fingerprint alone.
The Touch Bar can be customized in the Finder to implement control strip-based commands, and other user commands, such as screen capture, can be added to the bar as well. Other customizations in-app appear to be dependent on developers' implementation.
Features similar to iOS's text prediction in Messages has been implemented in macOS on the Touch Bar, as well as emoji entry. Other features demonstrated as implemented on the Touch Bar are application selection, scrubbing through media, and other playback controls.

At today's "hello again" event, Apple Senior Vice President of Worldwide Marketing Phil Schiller revealed the new Touch Bar as part of the renovations to Apple's new MacBook Pro line.
As part of the reveal, Schiller lamented the older Function key array in a eulogy. Noting that they were introduced in the IBM 3270 mainframe terminal in 1971, Schiller noted that modern users don't really use them for anything, with most of them having been re-purposed for media control and other infrequently used commands.

The Touch Bar is developer-customizable, and contextually displays menus and other features, including invocation of a conventional Function key lineup, if necessary.
The removal of the Function keys has also enabled Apple to implement Touch ID, without another case penetration. The sensor is embedded in the upper right of the Touch Bar with a Sapphire lens, and a secure enclave implementation with Apple's new T1 chipset.

Users can also perform a fast user switch using Touch ID -- all it needs to invoke is a registered user to touch the Touch Bar's sensor, and macOS identifies the user, and authenticates based on the pre-registered fingerprint alone.
The Touch Bar can be customized in the Finder to implement control strip-based commands, and other user commands, such as screen capture, can be added to the bar as well. Other customizations in-app appear to be dependent on developers' implementation.
Features similar to iOS's text prediction in Messages has been implemented in macOS on the Touch Bar, as well as emoji entry. Other features demonstrated as implemented on the Touch Bar are application selection, scrubbing through media, and other playback controls.
Comments
As demonstrated today, it's as significant a user interface breakthrough as the mouse and the finger, neither of which Apple invented either.
It's all in the execution, including the software and the integration with developers. Let's hope Lenovo and the other PC makers can keep up.
What we saw was the introduction of a new user interface that will revolutionize the way professionals use computers. They just obsolesced the desktop and you didn't even notice. The hand is quicker than the eye Sog, and your eyes are tied to a brain that does not see things coming, only flashy little distractions from the tidepool of crap that flows around you. You really ought to shut up, like everyone but a few fellow magpie-brains are telling you here.
I think the hold-up on large displays is in the oxide backplanes mated to 4 and 5K LCDs. Still difficult to produce, obviously.
For details, see netrox's post above.
So the top of the line 15" is $4299 and still only has 16GB of RAM.
Personally, I find haptics crucial for proper touch screen UX.