I think this is great news. I'm glad that IO and Square Enix did this. I give them a lot of respect for this, now if only companies like Sony, THQ and EA did the same then maybe I would buy their games again. Don't get me wrong I buy my games new but I don't like the idea of buying a game with those stupid online passes which is why I stopped buying their games in the first place. I think Square Enix did a great move here.
Anyways here is the article about it: