The biggest consequence would be that this opens the door for all software built on top of ffmpeg to add support for JPEG XL. Some might even support it automatically if they're linked against an ffmpeg which supports it.
As I use mpv both as a video player and as an image viewer, this is great news for me.
https://github.com/whyboris/Video-Hub-App/pull/702
My software extracts screenshots from videos and shows them in a nice browsable searchable gallery.