Third, I would contend that the moderators haven't won out. The protests were entirely unsuccessful. Reddit correctly understood that some people are just attached to the clout and will fill in the holes. I think a lot of the dedicated moderators have left.
But anyway, if you spend a few minutes scrolling through the front page, you can find posts that slightly don't fit, with thousands of upvotes. Quietly, in the comments, one person complains.