Yeah that's quite fair, the article is not very accurate.
It sounds like there are two main pieces to me:
1. Removal of cloud dependency
2. Making usable the API (and providing documentation)
With a minor 3rd piece:
3. The official app will be updated to support the "offline" mode without losing as many features as possible now that the cloud service is going away.
All very laudable things IMHO. I'm actually going to buy one of these
yes. especially when you consider that point 2 requires some amount of investment (writing the api docs, ensuring no ip leaks, etc.)