Presumably this would mean if you’re banned on Facebook, that wouldn’t lock you out of your device. That was one of the bigger sticking points at least.
Personally, I never want Meta to leverage my game usage on Facebook or any of their other platforms. I like Steam being an independent platform that has no motivation to share my information with socials - I really don't want random relatives asking me about my gaming habits.
The fact that it was made by Facebook was worrying - the fact that it required a Facebook account made it a non-starter.
For the same reason, while I do enjoy the occasional twitch stream - some of my favorite streamers have moved to FB... thus I have stopped watching them because I don't like making it easy for socials to track and broadcast my every waking moment.
My kid one time had some sort of name calling swearing match on the PS4 which was tied into my email and my credit card and all my games. I found out because all of a sudden I had a 30 day suspension on the account and could not play any of my downloaded games properly. Not a big fan of digital games and threat of being locked out temporarily or possible permanently for one wrong move.