Actually this breaths new life into the 360 library. It's a good way for publishers to make a few extra bucks from their already made software or make it more enticing for selling their newer games. Some companies are already using it to sell their future games by offering their older games for free. So, this announcement is a big deal. It's consumer friendly and devs can gain from it too. It's not the concept of BC that is being questioned here, it is the way that it is being used.
PS3 with BC didn't sell because the console cost way too freaking much. The day that they announced they were removing BC, I ran out to buy one before I couldn't get one anymore. Believe me, everyone would have loved for BC to remain.
People just end up accepting what their Gods do, even if it's not exactly what they want, in the end. Why, because of loyalty. Some Gods take away and it's ok to their people. Some Gods give and it's loved by their followers, but talked bad about by their rivals to make it look like not such a good thing. Who loses? The ones that fill their hearts with envy and hate, when someone else gains something good. 
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