Just for Mk2 level captures.
Which I actually think is fair. So you're not losing any functionality compared to the Mk1 versions, you just win some additional "fixed" FX (maybe useful as they would free up the user definable slots) and the new Mk2 level capturing - which would then require a computer to be connected.
Seriously, while I think of their marketing to be pretty shady, while I also think of their paid functionality stunt for the Player to be most miserable, I still don't think that all this is genuinely bad. I mean, we should at least wait and see how well the new profiling does. If it's getting to ToneX level accuracy, things would look pretty good, wouldn't they? I mean, the new units are no more expensive than the old ones, either.
Oh yes, I still think this upgrade is sort of underwhelming. Regarding functionality, I'm sure a lot of people would wish being able to load multiple captures and also have parallel signal paths and what not. And many people seem to wish for an updated UI, too. Can't disagree with either wieh.
Still, if I had to choose between, say, the Kemper Stage, the Helix Floor, the TMP, the QC and possibly one of the better Headrush offerings as a single standalone live unit, I'd very like grab the Kemper, even without the new profiling and FX. And yes, I can perfectly justify that choice for my use cases.
(I explicitely didn't mention the FM9 because that'd very likely be the clear winner, but it's in another price bracket.)