At this point I expect that the supposed cutoff date will roll around, and then one of two things will happen:
1) They start charging whatever they're charging for it. But it won't stop being a "Recommended" update for 7 and 8.1. Meaning of course that some loser will turn updates back on or boot up a laptop that spent seven months without a battery, get updated, and suddenly find their copy of Windows 10 isn't licensed and they have a thirty day countdown. Pay up, sucker.
2) Nothing happens. It remains free. Eventually Microsoft will get around to yanking the updates, but probably not before something like option one happens. Credits to carrots the nagware will stick around though, just different. And no way are the telemetry updates getting removed.
Look deep into your heart. Which one do you think is gonna happen?