I think this sentence actually understates what happened.
What I find more frightening than the technical aspects of the backdoor is the amount and degree of "social engineering" involved: The backdoor was the final product, but inserting it was only possible because at that point the entire xz project had long been taken over by malicious actors ("Jia Tan" and friends) - after a yearlong psychological operation against the maintainer. All that without the maintainer or anyone else noticing anything.
That's spy novel stuff - and if something like this is possible, it makes me wonder what else might be going on in other projects right now.
(You can see the same mentality reflected in the backdoor code itself - I find it remarkable how much of the code is devoted to active misdirection. It's not just trying to look harmless, the code actively tries to build a "narrative" through commit messages, comments, variable names, choice of commands, etc, of what it's ostensibly doing while really doing something completely different - leading anyone who'd inspect the code first to doubt themselves and their understanding of the code, then suspect a bug and then, maybe, suspect malicious intent)