It's great because now many others that weren't as fortunate as me are now able to experience something I have had for a long time, many of my friends and family are enjoying new freedoms and greater amounts of personal time because commutes have been eliminated etc.
The downside (however minor) is I can't easily use this as the same proxy for "company I think I would like to work for" that I did in the past. My old formula for evaluating opportunities was to filter for places that would accept full time remote and then filter for those willing to pay full market rates and then decide from there. The latter half of that funnel is still likely to be highly effective as companies attempt to lowball people by making it out like remote is some sort of luxury but the entry to the funnel just got a whole lot bigger so I need to do a ton more filtering now.
I'm optimistic though, this has opened up a lot of companies I otherwise would have liked to work for but had draconian hiring policies w.r.t fully remote.