To my reading, it says exactly that. But we will see.

Netflix already allows you to watch on multiple devices simultaneously, and already allows you to watch from places other than your home. (Say, the gym, or airport, I dunno). It doesn't say they are going to stop doing that. So I don't know how they'd knwo which "household" a watcher is in, and the info doesn't say anything about new ways to monitor number of households, it doesn't mention households at all, only profiles. I can't read it in any way but they are reducing the number of profiles you get without paying extra.

But we'll find out!