Well, whether it's good news or bad news is subjective and in this particular regard, it's:
- good news if your skills are in demand
- bad news if your skills aren't in demand
It's pretty obvious to know if your skills are in demand - quick research on Canada's labour market would show you that software, trades, nursing etc. would be in-demand skills but IRCC/ESDC/StatsCan would probably narrow it down into a skills list (Australia does this - if your skills aren't on the list, you're not eligible for migration).
The more I think about it, the more it's going to happen and I'm now thinking that Fraser will actually make some pretty big changes to the way points are awarded under EE system.
No point speculating over the details, I'm sure there's going to be a huge announcement before the first draws in July and a warning about major changes to CRS points grids and introduction of skills-specific draws.