I definitely wouldn't be as upset as I am right now. I would consider paying to be able to continue to use the service.
However, right now, I wouldn't come back to Reddit even if they called off the whole thing and decided to leave free access to the API. I have zero trust in Reddit after all that happened. To be honest I'm kinda glad it all went down like this. At least we got to know their real colors.
Yeah, I agree, that's the first thing I thought after seeing this. And now you're being downvoted. I'm a bit disappointed to be honest, in my head this community was supposed to be better.