This means you can't pass the game around to your friends or sell it afterwards, which completely ruins the purpose of physical media imo. I mostly play PC these days so this doesn't affect me, but it's a disappointing direction for console games. At least they could've used an empty disc that has proof of ownership.
EDIT: Bethesda has confirmed that only the PC version won't include a disc. Physical versions of Xbox will include a disc. Whew.
Some will never experience the wonder of intensively reading the manual of a game on the way home from a store. Discs are becoming as rare as Manuals now.
most people rarely read the directions (and it shows), but I recall loving reading the manuals to my Nintendo64 games
Remember the little note section at the end of some manuals to scribble your tips and codes?
Or cool nonstandard boxes. But retail hated them so now we get easily stackable standardized game cases and we better be happy about it or else.