Patents are invaluable...
if you have the time/money & expertise to draft and, more importantly, enforce them.
If, and it is a very big if!, this change will make it less expensive and more straightforward for individuals and companies to do so then it will be an improvement all ways round.
My fear is that all the change will do is make it more expensive and time consuming for SME's to develop and protect innovative and patentable ideas and concepts while allowing large enterprises yet further tools to hang the SME's with. In doing so it will put yet more money in the hands of already rich lawyers and IP professionals and civil servants without any beneficial change in IP protection.