It's not good. This affects only apps that have been abandoned for various reasons, such as dead developers, now defunct companies, developers that lost interest etc. There are tons of still very useful apps and of course tens of games that I already lost access to when I bought my S23, and now this means even more apps and games (and this list will only get larger with every new update)
There is no reason to artificially break new apps. Could you imagine if Windows 11 could run only software made in the last 5 years? It would be a nightmare. After all, no new apps can be uploaded to Play store if they don't target a very recent version