I'm OK with this as opposed to what they were trying to pull in 2013.
If you're going to have a traditional system with a disc drive, it needs to be a traditional system. No online check-in every 24 hours, no DRM preventing me from reselling something I legitimately own.
Likewise, if you're going make an always-online system, be up front about it, and just make everything about it online. Essentially the Google Chromebook of consoles. That approach is not for me, but I don't see the harm in offering a choice. The market should get to decide which is better, not you.