When I’ve checked the Reddit home page in the last few days (using an ad blocker of course, or sometimes an alternative Reddit front-end), it looks like stuff is still being posted.
Hopefully Reddit will feel more pain that persuades it to change course at least a little bit. But I won’t believe that the pain is happening until I see it. Unfortunately it seems to me that there are some Reddit users who just want to watch the funny videos and don’t care about Reddit’s poor behaviour.
True I suppose things could change over time. We’ll have to see.