In theory, perhaps, this will lead to better content. In practice, we shall see.
I see the ecosystem here being to varied. There are some who think it must be an easy place for newbies, meaning anyone can get started fairly easily and be rewarded somewhat decently. Others think this should be a serious blogging platform. Others believe that Ulog is the way (personal posts). And every Dapp that joins the system will throw a different spin into the mix. It’s too much for one chain.
The bottom line is, as you said, this is all open source, and perhaps the real answer is for many chains to be made from it. Then value will be put on the social chains that people really find valuable. This melting pot is a hard thing to control. And the centralization behind it makes the moves that are happening out of synch with the users I think.
I don’t view this hardfork as good or bad yet. It’s too soon to tell. But it certainly looks like it could shake things up a bit.