Or, worse, "amazon.com.contact-support.something-else-to-confuse-the-user.shadytld". Even with the path part of URLs dimmed, users are really bad at identifying the authoritative part of a hostname.
I suppose this implies that the average non-technical user pays no attention to the contents of the address bar? Perhaps for Google to improve security metrics maybe the user needs a new canonical UI element indicating what site they're on, since to most people the address bar is just computer noise.
Google's primary business is advertising. Regardless of what propaganda it spreads, the ultimate motivation of making a browser is to make more money for itself. Almost all the changes that it has done make perfect sense in that context.
Lots of negatives and not really any positives I can think of.