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How much of an impact is the protest really having on Reddit?
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I think one needs to see the bigger picture here. The protest that started earlier this week might not have left a big dent in reddit yet. What it did though is raise attention and increase awareness for alternative news/content aggregators like kbin. They're not anywhere close to competing with reddit yet but the door got opened.
The shortsighted reddit politics basically helped to kickstart their own future competitors. If we do our best here and bring in good content, comment and get past only consuming there will be a real chance to become more appealing than reddit in the long run. I'm definitely here to stay.