Web packaging and Signed exchanges seems benign and beneficial, you can sign a particular page inside a package (let's say a zipped folder of some kind) and now anyone can cache that data and show it, while both the browser and the user knows that it's safe to display it. Since the AMP format is similar, it seems quite beneficial to now have all your AMP content support this feature. And anyone who made some of their pages AMP can use that same process to support other Signed Exchanges (such as p2p networks or CDNs) . This is great since it makes distributed caching much easier.
The bad part is that google search uses this signed exchange format not to show the actual URL but rather put it in an iframe inside chrome (and only chrome). The real question is whether we will be able to use this functionality outside search, if I have my own site and show a large iframe with signed exchange page, will I also be able to change the browser url bar? mmph, probably not.