I saw a comment on a reddit thread recently about the migrations, changes, etc saying (paraphrasing) "Remember how we used to see stuff on reddit and then a week later on other platforms? This place is about to become just another week-behind platform."
Spez has been pointing out (and clearly justifying to himself) that only a small minority of users are upset with their changes, but that ignores that it's the mods and content generators - the power users - who make up that small minority. Reddit is about to suck by losing the only thing that made it great. Yes, it's the content.