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The only confusion I see (and it is confusing) is whether or not "Personal Document Archival to your Kindle Library" is synonymous with "Cloud Drive Storage."
Currently, the "Docs" view in my "Kindle Library" (from the MYK page) show the exact same books as when I view the contents of my "Cloud Drive." Who knows if that will continue to be so.
For those who don't have Prime (and have not opted to start the three-month free trial of a Cloud Drive subscription), I'm guessing that the continued existence of an "Enable/Disable Personal Document Archiving" setting on your MYK page will give a clear answer to the question of whether or not "everything will continue as before."
Keep in mind that Personal Document Archiving existed before "Cloud Drive" ever became a thing. So it wouldn't surprise me if Personal Document Archiving continued to exist (without a charge) in a post-Free Cloud Drive world. We'll see.
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