Yeah, it's basically an OEM (single-device, non-transferable) license with remotely managed product keys.
Most legal Windows users only have OEM licenses anyway, so there won't be any difference for them. It sucks if you already own a full license.
But if you need to move to a different computer sometime in the next year or so, I guess you could first install Windows 7/8/8.1 using your full license, activate it, and then take advantage of the free upgrade to 10. That's basically what I did with my "student discount" license when Windows 7 came out. I had a full license of Vista, so I first moved it to a different computer and then upgraded it to 7.
Most legal Windows users only have OEM licenses anyway, so there won't be any difference for them. It sucks if you already own a full license.
But if you need to move to a different computer sometime in the next year or so, I guess you could first install Windows 7/8/8.1 using your full license, activate it, and then take advantage of the free upgrade to 10. That's basically what I did with my "student discount" license when Windows 7 came out. I had a full license of Vista, so I first moved it to a different computer and then upgraded it to 7.