Yes - and the consumer is choosing to buy this product. You can't claim that the vendor should change the product after it has been purchased.
No I don't think it is overreach, I think it is good business. Other institutions (usually, ideally) put constraints on capitalism, through e.g. mandating USB-C, which could also be applied to printer cartridges. A printer company could even do a Patagonia, and make the most environmentally friendly, reusable, printer system available and make it part of their branding.
>You can't claim that the vendor should change the product after it has been purchased.
The vendor is changing the product after it has been purchased, by removing features through software updates.