On the face it looks pretty balanced. If you don't recidivate within 4 years you get your record sealed with the following [quite necessary exceptions]: "People convicted of serious and violent felonies, as well as those requiring sex offender registration, won’t have their records cleared under the law. And criminal histories would still be disclosed in background checks when people apply to work in education, law enforcement or public office."
That said, there are likely some unintended consequences and hopefully those would get addressed over time.