That is something I hadn't thought of before, but now that I think about it, you are totally correct. Arriving at TSMM at 9:05, if the line spills out the door and on down the street you are at about a 45 minute wait. The standby line was always that long, and often trailed down the street. The wait to get FP was about 15 minutes in the opposite direction. Taking away the FP line, unless you are in the very front of the pack you are looking at an hour wait or more if you choose to head to TSMM first thing at rope drop.
Like another poster said, instead of people running, pushing, and shoving to get to the FP machine, now you have people who will run, push, and shove to get to standby.