Can someone provide a tl;dr that specifically explains why this is going to harm the site? I know there were some communications problems with third party clients, but from my reading of the announcement it just sounds like they're going to start enforcing their previously documented but unenforced API rate limits on free accounts and they're providing a service to charge for bulk access. What else is changing that has everyone upset? The developers commenting from the big clients such as Apollo didn't seem to provide any info on if/how their clients would be broken. I didn't even see any comments suggesting the clients would break. It's mostly just anger about the opacity of the announcement.
I understand people being wary, especially in light of how Twitter changed their API years ago, but I'd love some more concrete info and specific complaints about this change in particular.