This seems very dangerous indeed. But ARM is an important platform for phones
and possibly some other mobile devices to run on. Google will very likely do
something against it, it can't be in their interest to loose the battle for
mobile devices so soon.
Even if secure boot on ARM hardware will be implemented in that ridiculous
way, Google will have to be able to get the keys or something to make Android
work. If Android will be bootable even with Secure Boot, distros that run
with Linux might be too someday.
The best solution to this whole mess would ditch Secure Boot entirely, but
unfortunately it doesn't look like it's going to happen...