The implication is that if the 32bit libraries are frozen in time forever, emulators, wine[0] and some game platforms will soon become incompatible with Ubuntu.
If that's the case, it's dishonest to say "oh we're not killing 32bit" when in fact they're boiling the frog.
This has pissed off Valve enough to make vaguely threatening statements about stepping away from Ubuntu.
[0] https://discourse.ubuntu.com/t/i386-architecture-will-be-dro...