I have zero problem with competition. I'd actually think the market would be great with more competition, but I'm not naive enough to think this is it. This isn't competition, this is a company with deep pockets bullying its way into the marketplace in a massively anti-consumer fashion.
Their client, simply put, isn't ready to be a major marketplace. Its broken, gets breached at what feels like a regular fashion.... but it doesn't matter to Epic, nor their CEO. He's goes on stage and says that customer opinions do not matter, a working product (thier store) does not matter... the only thing that matters is them being able to snag exclusive publishing deals that will force the customer base to their store. That is not working in my best interest as a customer. Full stop.
So what? I'm suddenly supposed to be cool with it, trust them that they have my best interests at heart? Yeah, no. Like I said, I'm not naive enough to believe that. You want to compete? Make a product that is worth my money, worth my time, worth my download, instead of leveraging a game I want to play in order to force me to use it. The market is crowded, which means you need to make something that stands out, buying exclusives to float your vanity project is getting exactly the backlash it deserves.
Like I said before, this is literally bringing the worst parts of the console market to the PC. This kind of timed exclusivity only exists because one publisher gave another publisher a big enough bag of money for them to be cool with it. I doubt Obsidian will see much, if any, of the money Take2 made off of this deal.