Yes, that depends on the type of curation project. The projects which have 2 million SP delegated to them by one or two people, but don't have much of a trail will lose out; while something like Curie which has a large popular following but few delegations may benefit. I'm fairly sure Ned didn't absolutely mean "one vote is one vote", there has to be some systems to keep spammers and dust accounts from exerting so much influence; while also offering greater influence to active members. Let's wait and see what they come up with.