This line made me cringe. True evil doesn't recognise itself as evil. That's what makes IDW (and even BM) Megatron such interesting villains -- they don't see themselves as villains, but as heroes.
I also concur with Paulbot's review. And yeah, good to know that at least Earth 120185 is still untouched, but an alternate version of Earth 91274 (let's call it "Earth 91275") is forever changed. I say alternate because it does ignore G2 continuity, which AFAIK should still have occurred on the original Earth 91274. So arguably Earth 91275 (events of US G1 comics sans G2 plus ReGen) is a separate reality from Earth 91274 (US G1 + G2, but not ReGen) anyway.