I don't see why he'd reduce subs. I guess it's possible but not likely to be anything of significance.
Long term, he'll probably have a small impact on subs. Some people will try ffxiv and enjoy it. They'll stay. Eventually though I think he'll go back to WoW. When he does a lot of the people who followed him will also leave.
There are currently a lot of shrubs in game Most of us came over before he did. He's talking about FFXIV because every day WoW fans started talking about it. He's just following the money by doing what everyone is talking about.

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