Do I get special treatment on the airline I fly most? Yes, I do. I've been able to change tickets on that airline without a change fee as a courtesy on multiple occasions, in contradiction to their printed policies.
I can't/won't book these for leisure travel, because they don't even allow you to sit with your family members.
Honestly, the recent penetration of basic economy into the US market is something I'm much more concerned about than involuntary bumping. If the airlines are successful, then they're just going to re-set the baseline for standard economy up by $100 or so a ticket. Planes were already full, it's not like they are going to increase revenue by offering cheaper tickets, they're just going to get away by giving you less for your money.
Not being able to cancel / refund your ticket is NOT a new trend.
Other than Southwest most airlines would not let you change your tickets without paying a fee, and this has been the case since quite a few years.
The new bit is you can't even pay a fee with the new basic fares--it's use it or lose it.