Basic features will be available to all free users and no extreme upload/download limits (e.g 100 KB/s download speeds, 100 MB upload limits, etc.).
Sounds exactly like other services that offer premium file services, how is this different? Also, while I know you're claiming this doesn't take away from the free users, it clearly does.
I think he meant to say he isn't limiting them to 100kbs and 100mb (drastic limits).