

To be fair, it certainly still makes cheating harder. If it didn’t exist, you’d just see even more people cheating, but it’s a pretty overkill way of system monitoring for such a relatively small benefit by comparison.
Massive privacy risk, only slightly better performance than other non-kernel monitoring.
It seems like the point is that Microsoft would be developing some sort of alternative to the kernel with similar functionality for antivirus providers, that doesn’t need to have kernel level access. Anticheat uses a lot of the same techniques as kernel level antivirus to detect malware, thus it would probably have to adapt to this new system.
I think the article is more commenting on how Microsoft is directly partnering with antivirus companies for this new system right now, while they’re not directly partnering with anticheat companies, even though they’d probably have to migrate to this new system regardless.