For now. Aren’t they floating some sort of API change that drastically reduce the effectiveness of ad blockers?

I think the larger point is, for how long? If Google keeps restricting ad-blocking even further, maybe they'll drop even more privacy options, and dumb down more APIs.

Google/Chrome/<all other services> simply do not have your interests first, so it's a choice between Google and <everyone else (who by default track you less)>.

And yet only a feature-restricted version of AdBlock will continue to function when they cripple the APIs it relies on: https://github.com/uBlockOrigin/uBlock-issues/issues/338#iss...

They claim to be doing this for speed purposes, but it'll actually slow down the vast majority of Chrome profiles running ad blockers.

Desktop Chrome, yes. There's a darn good reason why my browser of choice on Android is Firefox, and that reason is spelled "ublock origin".