Me neither, does this mean they’re going to nuke your photo album? If so that’s the worst business decision I have ever heard of.
We pay for cloud storage!
See what I just posted in #5. It looks like I’m safe because I use iCloud. “My Photo Stream” doesn’t count agains your iCloud storage. They are not touching iCloud.
The business decision is probably sound, but it’s going to cause a lot of needless panic for people who don’t know what it is and cannot quickly tell if their photos are at risk.
If you pay for iCloud you should be ok. It’s always a good idea to download your photos and save them offline.