If Twitter hadn't become a dumpster fire... If neo-nazis and insurrectionists weren't re-platformed.. If moderators weren't fired en mass leading to wildly inconsistent application of the rules...
...then MAYBE this would have been looked upon as something positive. $1/year? That's nothing, really. And if it got rid of the 'bots, so much the better. And maybe it would have led to accountability. You make a terroristic threat? That credit card number can be used to chase you (yes, I know, that could be abused by authoritarian governments with subpoena power).
But after all that's happened, there's just no way that this will be viewed as A Good Thing.