In case anyone read the headline and was worried it would pop up on your computer overnight, it does appear to need some hefty and recent processors and between 6-25GBs free in order to run at all, so I don't think it'll sneak up on folks any time soon.
On the bad news front, I thought this was standard AI bad until I got to the part where it won't obscure passwords. But, surprise, it will obscure DRM content (and private browsing, but just if you're using Microsoft Edge).
Terrible for privacy aware consumers but I really anticipate the worst of this will be in a corporate setting. Plenty of employers already spy on employees but this would be pretty next level.