The report is confusing. As I read it, only 34% of people who got irregular heart rhythm warning from AW actually had atrial fibrillation. That's 66% false positive rate which is unacceptable.
The study was overall beneficial, demonstrating the potential for large-scale studies that use a variety of technologies to monitor patients remotely without requiring on-site visits. Since this study kicked off in 2017, it did not use the new Apple Watch models that are able to take ECG readings, instead relying on the standard heart rate sensor.
Seems like a win. Of course, one doesn't have to get an apple watch or participate in the studies. Perfectly acceptable. But for those who do, it just may save their life if they are an at-risk patient.