Other consequences appear to be that certain services will be lost from parts of North Yate, and Chipping Sodbury and South Yate look likely to lose their existing direct service to Cribbs Causeway.
So all in all, a mixed bag. One upside is that most of these services will be run on a commercial basis, rather than being council-subsidised, so they should be less vulnerable to council cutbacks.
We'll only really know the detailed impact when timetables are published online in mid March. Meanwhile you can read more on the First Bus website.