Eh, whoever takes up that offer is going to learn in short order why the protest is happening in the first place. As will the rest of the community once the content quality drops into the gutter because the would-be replacement mods can't keep up with getting rid of the garbage. You try moderating a subreddit of any significant size with gimped moderation tools. If anything, this would accelerate Reddit's fall into irrelevance as users start looking elsewhere for a place that isn't overrun by spambots of various flavors.