All that random crap will still run in your browser though.
The important thing here is that Google are asking users to proxy scripts from a Google server via a subdomain of their site. That's relatively trivial to do as far as the code and config goes, and not costly for the user or for Google. The advantage to the site and Google is that those scripts now look like first party files; Google are using a first part subdomain to subvert the Same Origin Policy via a proxy.
Every other tracking and ad service will set up the same thing. The reason it hasn't happened in the past is because it was hard to configure. Google are giving every other service the gift of explaining how to do it to users. Going to a website that had 50 tracking bugs from 50 domains will now have 50 tracking bugs from 50 Same Origin Policy allowed subdomains, all unique to that site, and all different so blockers will have a much harder time working out what to block.
The code that runs in the browser doesn't change. The only difference is where it appears to originate from.