We use and love Timescale, so we've been paying attention to this feature. We currently use the open source version and it's very nice.
Would you mind clarifying a bit, because the blog post doesn't really explain: how much of TS do you expect to remain Open Source versus proprietary? Is the idea here that you will switch the entire project to this new license (i.e., this means you're killing the open source project), or is the idea that you'll continue to work on the open source version (but with the enterprise functionality now available under the new license)?
The omission of this really important information in the blog post makes me suspect that this is, in effect, the end of OSS Timescale. I'd love to be reading that wrong! If the core will remain open source, you should consider mentioning that in the post.