I don't think it's good, but people both here and on reddit are acting like this is some Great Betrayal when it's just a single switch that they prominently present to you. If they're going to make this change, this is exactly how I'd want them to do it.
First off, I don't think going into the settings and flipping a toggle switch once is a huge burden on those who want to use a service privately. But more importantly, some of the comments here are so hysterical I have to assume that they read the title and jumped to the conclusion that you cannot opt out anymore without a business account.