I'd wager they will require deb packages to be signed with a certain Canonical key that they will use strictly for basic system packages. Everything else will be a sandboxed Snap, left to third-parties to maintain, distributed through a Canonical Appstore that enables payments.
Maybe they will give you an option to "root" the system, and if you use it you'll lose any right to support or updates from Canonical.
Snap is fundamentally a commercial play to reduce support costs and enable an appstore.
I really don't see what benefit that would provide them over other distros though and I'm not sure why they would make that choice to close down their system?
Fundamentally Linux works so well because of the free software movement and I don't see any app maintainers choosing to charge a fee for their software if they aren't already.
If anything can go away its Ubuntu desktop.
Snap may stay since it is the defacto standard in IOT world.