I had an issue with my payment for premium which resulted in temporary suspension of my service. A few days after fixing the payment issue, this news came out.

Considering this with the recent price increase, and some trouble with my family plan, my initial reaction was quite negative towards YouTube. They are setting a very clear trend against what I want in their service with recent changes (Removing downvote, removing android shortcuts and other features, aggressive copyright stiking policies, aggressive promotion of shorts, terrible recommendations).

I am considering cancelling. However, a more optimistic view would be that their ad block policy could result in lower subscription fees with more ad and subscription revenue.