It looks like I'm in the minority after reading this comments, but I'm quite happy to see this announcement.
A "good" standard, free CMS with theming and plugin support without the issues of Wordpress is _welcome_. (And the issues are many: Licensing, trust, drama, security, and cost).
I'm guessing that a lot of cynicism here is coming from this crowd not being the target market of Wordpress in the first place? What were you recommending to non-technical friends and family who wanted a good, open source, affordable CMS to back their website? Wordpress has all the right _ideas_, but the wrong implementation.
I think the cynicism is related to cloudflares recent previous releases that were considered to be slop that significantly overpromised on its capabilities/completeness. Trust can take a long time to rebuild.
There are great standard CMSes that do everything technically better than Wordpress (not that it's harder to jump higher than a rock, but hey). That's not the hard part. Every developer should build a good CMS once.
The hard part is displacing Wordpress market share; building a community of bloggers, marketeers, agencies, web designers, and so on; creating a huge ecosystem of paid and free plugins, allowing plugin devs to commit to your marketplace and lock customers in.
Wordpress is awful. The only thing it's got going is its moat, but that's not an engineering problem, but a people problem instead.