A new PNG spec

Until everything new is "optional". Hopefully PNG won't be the target of "enshitification". We all know that for file formats, there is a very strong pressure from developers and vendors for that to happen since it favors, hard, vendor and developer lock-in. If not careful, even with a team of PHD devs won't be able to write alternatives encoders/decoders that "reasonbly" and the world will end-up with very few alternatives implementations, if not only one.

I did skim through the specs, it seems most of it is related to cleanup and optional blocks, so it seems PNG is still safe, am I wrong? (asking those who did dive into the new specs deeply).

Everything new is optional. This is not a breaking change. Old PNGs and software continue to work just fine. And these new changes are backwards-compatible as much as they can be. So old software can display a new PNG and be mostly correct. By that I mean, the user will still say "it is a picture of a red apple". But if the software isn't HDR, they might not get the bright highlights and inky blacks of the HDR PNG.