Absolutely dystopian day for gamers everywhere. Yes, even you who doesn't care about physical games and has a fully digital library.
All this does is funnel everyone into digital storefronts where PlayStation and co. control the pricing operation. You will lose additional options and pay more for games. Look at any nearby storefront's pricing versus what you'd pay for with that very same game on PSN.
This is not about upcoming handhelds or even that digital purchases outweighing physical. It is about maximizing the dollar spent everywhere and cutting out the middle man. Pulling the trigger when PSN isn't even feature complete with things like back compat, gifting games, has major security exploits, etc. is certifiably insane.