I think there's something very...British about the idea too. A somewhat quaint simplicity to the idea that this is just a person who has come to be some grand, pure-hearted saviour but started from the humblest of beginnings (aristocratic Time Lord society aside). The whole 'Chosen One' idea just feels very American, which isn't necessarily a criticism - look at something like Buffy that spends its entire run debating the idea of what it means to be the Chosen One and how that affects her outlook. The problem is, that show started with that idea in mind. Sure, various showrunners over Doctor Who's life have probably had in mind the Doctor being some super special deity, but to expressly make it part of canon now potentially recontextualises everything.
Like, I think part of the innate appeal of some of the speeches the Doctor gives is that they came from the understanding of a character that really is a nobody that strives to be good. The 12th Doctor's speech in The Doctor Falls comes to mind - because that Doctor went through so much self-discovery you believe in the earnestness that he delivers it with. Depending on what may or may not happen in the next few weeks, you run the risk of having to view that now as some magical, God of the Time Lords lecturing the lessers of his race on how to act.
I'm being hyperbolic and, obviously, we have no way of knowing how it'll be handled until we see, but that is my main concern.
It's pretty funny with how people last season were saying that Chibnall was moving the Doctor away from the God/saviour-type character of the RTD and Moffat days and back to being just a simple traveler. Moffat actually did that with Capaldi.
"I am not a good man! And I'm not a bad man. I am not a hero. I am an idiot with a box and a screwdriver."
"I am not a good man! And I'm not a bad man. I am not a hero. I am an idiot with a box and a screwdriver."