The biggest takeaways of this announcement I found s this:
1. Google will take time processing your link removal file
They won't immediately discount links, and even then they are only going to apply the NoFollow attribute. This won't be an immediate solution and will take time, up to two weeks to see some type of movement in the rankings if you even see anything at all.
2. Google wants you to remove your links first and foremost
This I found very shocking, Google wants you to remove your links to begin with and then use the disavow tool as a backup to those that cannot be removed. I have used linkdelete.com for removing links, I would have though the disavow tool would have killed their business overnight. Seems like Google's giving them some type of credit and telling people to use their serviecs before turning to the disavow tool. I am wondering if the disavow tool is nothing more than smoke and mirrors and doesn't actually do anything at all?