I understand your point of view, and I know it is shared by others. You have been on Steemit for sometime and I respect you opinion. I do however, see this from a different angle.
I think the curators will be forced to up their game, vote slightly less, however vote on only the 'creme de la creme' of content. This may have the impact of good content doing even better, at the expense of average content.
I also think that, another group of user that hasn't been mentioned is the 'whales' who have a lot of voting power that can be redistributed from this update.
I am not doubting the value that Human Curators add to Steemit. I'm just not concerned that some (a fraction) of their rewards and voting power is being redistributed to the community.