The headline is a bit misleading. It's the group's last national ride. But there will still be local chapters that will set up their own local and regional rides. And he is right, this may actually be a benefit in the end. Many regional group rides versus one big national ride will likely get more overall coverage by the media and such.
It was time. It had gotten too large. But I'm not really sure how the local chapter movement will work. If they all coordinate the end result into DC will be nearly unchanged. But are they trying to stop the parking problem? If so then next years will probably be a disaster. We shall see.