Sorry to break it to you, but this has been the state of games purchasing/preservation since at least the 90s. Check instruction manuals for old cartridge games, most have disclaimers in the back that you only purchased a license.

The bright side is that despite all of that, games preservation is still going quite strong. Just through piracy and not entirely legal means. This really doesn't change anything, except online only games won't be as easy to preserve as people had hoped. This isn't a step back in any way. It's just a confirmation that things are still what they have been for decades.