They are still going to pursue it, just under a different name and rolling-out timeline. What they changed is only the way they are announcing it publicly.
It's going to be "DRM for the Web, but with extra steps".
I partially agree. They created a monopoly because they offer the best search engine service. You can't be accused of making a monopoly if your competition is embarrassingly bad and no one wants to use any service but yours.
What they are doing now, regardless of how they gained this monopoly, is ensuring that every cow that feeds on the grass of their field yields profitable milk.
I mean, it was under the radar to begin with. It wasn't on any main google channels, it was mostly only discussed by the developers who handled the project.
The only reason people know about this to begin with is because there were fortunately a lot of people paying attention. I remember the first time I saw anything about it was on HackerNews and it was straight from the dev. Maybe it was even just the github. Either way, it was not advertised in any major way other than not outright being hidden.
When it originally hit, I remember arguments about how its "just a few developers," and "we'll wait until it actually ends up in chrome" and so on. The whole point was that it was still relatively early on in development and was just at proposal stage. This thankfully went from obscure developer news to big worldwide general tech news and Google backed down... for now.
We can be thankful developers with consciences are paying attention, in the meantime.
These, if I am correct, were the original links on HackerNews from around 4 months ago. Not exactly major advertising blitz from Google or anything, mostly wonky/technical documents.
...for now. This isn't a beloved google service that people were relying on. This is the means by which google intents to subjugate and fully enshittify the web. They'll try again under different names until one takes. It only has to work once.
They will learn from this effort, call it R&D, and start working on something that is effectively worse but break it into smaller pieces. The new project will be less obviously evil at a glance.
It is logical that this is not the end, Google has tried for more than a decade to use some dirty tricks and until now it has always hit its teeth on a rock. It's an eternal game of cat and mouse between Google devs and other devs that override it. Now also helped by the EU and consumer associations that have already obtained million-dollar fines from Google, Fakebook, MS and Amazon for these abusive practices.
Users in the US may have problems, because there corporations can roam freely because there are no laws that prevent them from doing so.