If it ends up as effective as Safari/iOS's content blocking, I don't see the problem.
> The fact that the plan ends with extensions still able to see all web requests, record all web requests, forward a log of all web requests to any arbitrary endpoint, etc...means the "privacy" angle is pure bullshit.
Yes, if you grant permission to access everything, it has permission to access everything. The benefit of the rule based approach is that the extension doesn't have to have access to everything.
The privacy angle is being able to move most extensions away from accessing all data in all tabs.