For a single repository, it does have a very similar interpretation to, say, svn revnos.
You can speak of "revision #125 of a branch" in a specific repository. Which is generally exactly what you need for human-to-human communication about development.
"Can you see if that bug is in r125 of unstable?"
"I've got all changes up to r245 of prod"
I guess the confusing aspect would be if "r245 of prod" in the central server was "r100 of prod" in my local repo because I haven't cloned the full history?
It would appear to me that multiple commits in a branch can have the same generation number (see the diagram in http://www.spinics.net/lists/git/msg161165.html ). So unless your history is linear, using generation numbers in human-to-human communication may get confusing really fast.
In that diagram, I see 2 sequences of commits (two branches).
The 'original branch' (e.g. "unstable") goes: 0,1,2,5,6
Then there is a topic branch (e.g. "add-frob"), which goes: (0,1),2,3,4,(5). Note that I consider the the 'add-frob' branch ended at the merge commit, so there is no "revno 6 of 'add-frob').
I don't consider that merging 'add-frob' back into unstable means that "revno 2 in unstable" could mean commit D - I would call commit D "revno 2 in add-frob".
No there isn't a similarity to svn revnos. Rev 125 of a branch in a repo isn't a specific commit it is a specific depth in the tree. In your example you couldn't talk about a singular Rev 125 unless there really was one Rev 125. These numbers wouldn't be like Hg's revnos they would be stable across clones.
In git, a branch is just a ref that points to the most recent commit in a development series. The history of the branch has no explicit link to the branch name. Individual commits do not belong to a branch. So the commits in the history of a single branch will not have unique generation numbers.
You can speak of "revision #125 of a branch" in a specific repository. Which is generally exactly what you need for human-to-human communication about development.
"Can you see if that bug is in r125 of unstable?" "I've got all changes up to r245 of prod"
I guess the confusing aspect would be if "r245 of prod" in the central server was "r100 of prod" in my local repo because I haven't cloned the full history?