As someone who's only ever looked at Path of Exile from afar, I definitely cannot claim any kind of expert or even novice knowledge of the title. There is a better write-up of what all this means by Kevin Murnane over on Forbes. The general gist I'm getting, though, is that Path of Exile is kind of like the idea of "laying down the tracks ahead of the train;" Grinding Gear launched something 6 years ago that they've added to and improved upon, but over time they've also seen how they could make a better system overall. Rather than scrap Path of Exile altogether and launch a separate game (and thereby potentially upsetting/splitting its player-base), they're developing something that will run parallel to the first and arrive at the same end point (the "Atlas" endgame). As Grinding Gear Games states:

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