I can definitely live in a world with two chairs named after single letters. The 'W Chair' by Svilen Gamolov looks comfy, and its angular design and white-on-black coloring would look great in any modern living room. See other typographic furniture below.
Implications - Many of today's consumers seek products boasting qualities that are reflective of the technological advancements made by humans. Products that embody modernity and a wide range of contemporary designs will appeal to these consumers. Businesses that create similar products will experience high results in today's industry.