It both is and it isn't. It moves people from different threat models to a middle ground, and for some people that's worse and for some people it's significantly better.
If you live in the U.S. for most major ISP users it's probably a wash and you're just letting a different party have your info. If you live in a nation that desires to control what you consume online then it probably is a net gain.
Isn't that worse though since your data would be spread across multiple potentially untrustworthy parties instead of just a single one? Given how many requests a browser makes and normal browsing habits like regularly visiting the same sites, it would eventually lead to each resolver having a full profile of what you browse.
If you live in the U.S. for most major ISP users it's probably a wash and you're just letting a different party have your info. If you live in a nation that desires to control what you consume online then it probably is a net gain.