Its terrifying and he acts like a leftist dictator, with the Germans and a few others acting like his Politburo. Personally, I think he’s more than a little bit crazy.
What I think the initial effect will be is that traditional Catholics will see their interests become marginalized by their Bishops. This will be apparent in dioceses where the bishop is progressive, like Chicago.
Orthodox bishops could resist this, and their dioceses may wind up being a sanctuary of sorts for traditional Catholics.