This is great that they are listening to the people (better late than never right?). However it is still sketchy as the loot boxes and micro transactions is a patent money grabbing model which works on mobile games and now trying to bring into console/pc games. I don't think it will disappear anytime soon but rather evolve into another scheme.
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Indeed, there is too much money in it to just let it get knocked from something like this. If this goes down, they'll find another scheme as you mentioned!