What are the implications of upcoming Segwit2x hard fork on Bitcoin? Is it good or bad for the wider community?

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Truthfully I don't think it will have as big an impact as bitcoin cash did in august. From what I'm seeing there isn't as much support for it. The new coin (whatever it is) will come out and will be just another altcoin.
With the upcoming segwit2x software update scheduled for mid November, bitcoin hodlers might witness a somewhat bumpy road due to this expected had fork... but it will stabilize with time progression and on the long run this will reflect positively on the community as a whole.

Important thing is for everyone to be on the same page and all nodes update to the new software so they keep running without any hiccups to avoid causing productivity inefficiency in blocks