Yeah, so, Google already has this data about you. What they're doing here is trying to reduce the specificity of information given to advertisers about your behaviors, and simultaneously give you the ability to never inform specific third parties about your interest in the specific topics you choose
I see this as a good thing. They were literally already getting and using all of this data. In that case I'd much rather have some control over who knows which things about me, rather than leaving it entirely up to Google