I think it would be a nice sidekick for Kabini/Beema but not much else. Even low-end Kaveris have 128bit memory, and only the 1 module versions have less than 6 CUs. Though arguably AMD just loves the crossfired configurations (so a 64bit 5CU chip with probably higher clock than what some 128bit 6CU Kaveri has might make some sense), even though IMHO these configurations have near zero merit.
For the record though I don't think it's a rename of HD 8570M, since I suspect with these specs it's using Sun die now and not Mars/Oland (Sun is natively 64bit, 5CUs, no display controller/uvd etc.). AFAIK all the existing mobile chips were Mars.
Is Sun the mobile Hainan?