It's still manipulative bullshit, but it's not the gaping security hole that it sounds like it 'ought to be. Even so... this type of behavior is what made me drop Windows over 5 years ago now.
For now.
I think it's incredibly naive to believe it would stay that way. Or maybe I'm just cynical.
EDIT: Considering the fact that the Start menu displays ads for 3rd party software, nah, I think it's naive to assume the ads in Explorer would always come from MS.
Without strict guarantees and control over the way this content is delivered to end user systems, how can we know that a similar type of attack could not happen? This time in a potentially administrative level file explorer?
[0]: https://www.zdnet.com/article/microsoft-has-a-subdomain-hija...
Sounds like you're not really against ads, but any sort of stuff that can change runtime behavior (eg. feature flagging) or retrieves content dynamically.
Additionally, a paid Operating System pushing additional premium features on increasingly more and more pixels is a little egregious. My file browser should be boring and not contain surprises.