A very bold decision indeed! And just the sort of no-nonsense, take the bull by the horns revolutionary approach to the game and to FIDE's awfully outdated agenda by the top player in the world.
Kasparov tried to make changes for players and for chess with many battles with FIDE in his prime. I am happy to see young Magnus striving in his youth for the same.
Viva la Revolucion!
A bold decision. Perhaps Magnus is right that a model of a super tournament might be better long term for promoting chess. Personally the old candidate cycle was the most exciting (albeit biased heavily in favor of the reigning champ)- but currently we dont even get good length championship matches.