I'm really happy to see the proposed changes. I plan to take some time to review and discuss among other witnesses before taking an official position, but in general I am in support.
Here is an interesting post to read if you are interested in learning about the vote magnification change: The Battle of Upvote Weights. A similar change was proposed a while back, but didn't get the necessary community support to proceed.
Thanks for the link Tim. Look like that will provide some insight!