Just for clarification -- is this something that actually turns off the collection itself?
I'm seeing conflicting things online that range from "just hit this toggle and you're good", to "you can disable some of it, but not all", to "this only opts out of data processing for ads/analytics".
If there really is an option to disable the collection entirely, then that would mitigate a large number of the problems I have with that practice. Of course I'd love for it to be opt-in, but just giving the option would still be better than many other devices like Smart TVs.