As a local this will not really impact me as I never pay for Genie+ anyway; I figure it's not really worth the money as I can go back anytime and just catch things when lines are shorter. But, having said that, this kind of will make things worse for locals as the "good" Lightning Lanes will be gone ahead of time, taken by vacationers.
I'm not surprised though; it's no mystery that Disney's favorite guest is the out of town family who comes for a week and drops tons of money, not local APs like me who go and ride one or two rides and then leave, and maybe occasionally buy a snack or especially compelling souvenir.
I guess locals will have to be content with the occasional bones thrown at us like ice cream bars (DVC) and magnets, both of which benefit locals more than out of state due to the often short notice.