I like this on the first glance. The idea of a random website probing arbitrary local IPs (or any IPs for that matter) with HTTP requests is insane. I wouldn't care if it breaks some enterprise apps or integrations - enterprises could reenable this "feature" via management tools, normal users could configure it themselves, just show a popup "this website wants to control local devices - allow/deny".
https://www.youtube.com/watch?v=wLgcb4jZwGM&list=PL1y1iaEtjS...
It's not clear to me from Google's proposal if it also restricts access to localhost, or just your local network - it'd be great if it were both, as we clearly can't rely on third parties to lock down their local servers sufficiently!
edit: localhost won't be restricted:
"Note that local -> local is not a local network request, as well as loopback -> anything. (See "cross-origin requests" below for a discussion on potentially expanding this definition in the future.)"