I'm more surprised that people don't care about the telemetry aspect. It's an extension that sends your code to an MS service, and MS promises access is on a need-to-know basis.
I don't care if MS copies my hobby projects exactly, but I'm not sure my employer(defense contractor) would even be allowed to use a tool like this.
I think it looks cool though. I will probably try it out if it is ever available for free and works for the languages I use.