You’re getting down-voted, but, yes, this change only really affects user experience.
I don’t know why anyone would think that what the LLM can access for context during your session is a limiting factor for what OpenAI has access to.
If this change freaks you out, the time for you to be freaked out about history was the moment they started storing it.
True, I should have said a benefit that is a negative for the consumer.