Thelychiton is only one of several new Australian genera to come out of the Dendrobium split in 2002. The genus was split because phylogenetic analysis showed that certain Dendrobium species are more closely related to species within other established genera than to other species within Dendrobium. The new Australian genera are described in David Jones's 2006 book A Complete Guide to Native Orchids of Australia. Kabi ANOS gives a summary of the name changes on their
website for those not interested in getting hold of the book.
Thelychiton now encompasses what was formerly adae, brachypus, falcorostrum, finniganense, fleckerii, gracilicaule, kingianum, jonesii, macropus, moorei and speciosum. Currently the Australian herbaria have accepted the Dendrobium changes so expect to see these new names mentioned in Australian publications in the future. Kew and ergo RHS have not accepted them, so hybrids are still going to be registered as Dendrobium and any society that follows the Kew's/RHS's naming conventions (eg the AOC) will list and award Thelychiton as Dendrobium. I am, however, puzzled why Kew maintains a taxonomic paradox by not accepting the Dendrobium split but still accepting the genera like Flickingeria, Cadetia and Diplocaulobium, which were reported to lay within the Dendrobium clades.
Bottom line, there is no real need to change your labels if you're Australian but you may want to be aware of them if you grow a lot of Australian species. If you're not Australian the new names are largely irrelevant for the moment.