It sounds pretty great, but I'm very worried about what actually comes out of it given the media landscape. People will use the data in ways that benefit them - even the CBO's reports are highly politicized. If we can't start taking "real, true" data at face value and using it to drive actual policy again, this is just another drop in the bucket.
We've seen recently that some people believe what they want to believe, regardless of facts. This doesn't mean the rest of us should be deprived of facts, or that we should throw our hands up and give up on seeking the truth.