I'm sure there is a ton of design and thought put into making the native file system API safe and secure, but wow does it scare me right off the bat. Even if it has to be enabled by a user like camera or mic permissions, this can probably be used to get malware onto the machines of users that don't pay attention to permission requests or understand the implication of what they're doing.
Many friends of mine will immediately, without thought, click to allow camera, microphone, or location data as soon as the prompt shows up. I can see the native file system permission following the same process.
It'll be interesting to see how it works. I'm sure Google has put in quite a bit of effort into securing it.